Sherbrooke Park Advisers LLC Has $1.01 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Sherbrooke Park Advisers LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 24.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,385 shares of the company’s stock after selling 2,733 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Philip Morris International were worth $1,009,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its position in shares of Philip Morris International by 70.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 4,140 shares of the company’s stock valued at $498,000 after buying an additional 1,712 shares in the last quarter. Sovereign Financial Group Inc. lifted its stake in Philip Morris International by 3.6% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,201 shares of the company’s stock valued at $385,000 after purchasing an additional 111 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Philip Morris International by 10.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,075 shares of the company’s stock worth $129,000 after purchasing an additional 100 shares during the period. Acropolis Investment Management LLC increased its holdings in shares of Philip Morris International by 77.7% during the fourth quarter. Acropolis Investment Management LLC now owns 2,612 shares of the company’s stock worth $314,000 after purchasing an additional 1,142 shares during the period. Finally, Rockingstone Advisors LLC increased its stake in Philip Morris International by 2.7% in the fourth quarter. Rockingstone Advisors LLC now owns 24,377 shares of the company’s stock valued at $2,934,000 after acquiring an additional 649 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, insider Werner Barth sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares of the company’s stock, valued at $15,795,295.48. This trade represents a 8.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,822 shares of company stock worth $18,906,185 over the last quarter. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PM shares. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Citigroup boosted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Barclays lifted their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.33.

Philip Morris International Trading Up 3.0%

Shares of NYSE PM opened at $168.93 on Friday. The firm has a 50 day moving average of $159.99 and a 200 day moving average of $141.99. The firm has a market capitalization of $262.94 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $176.49.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.