Philip Morris International Inc. (NYSE:PM) Stock Holdings Cut by WealthShield Partners LLC

WealthShield Partners LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 29.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,754 shares of the company’s stock after selling 1,144 shares during the period. WealthShield Partners LLC’s holdings in Philip Morris International were worth $334,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. raised its position in Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Dunhill Financial LLC grew its stake in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $33,000. Concord Wealth Partners lifted its stake in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Philip Morris International during the fourth quarter worth approximately $37,000. 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 firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s 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 sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Philip Morris International Price Performance

Shares of PM opened at $156.13 on Tuesday. The business’s 50-day moving average is $130.42 and its 200-day moving average is $126.81. The company has a market capitalization of $242.76 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $156.63.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.46%. Philip Morris International’s payout ratio is 119.73%.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Stifel Nicolaus upped their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Company Profile

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.