Philip Morris International Inc. (NYSE:PM) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,755 shares of the company’s stock after selling 144 shares during the period. Checchi Capital Advisers LLC’s holdings in Philip Morris International were worth $2,016,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PM. Investment Advisory Services Inc. TX ADV lifted its holdings in Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after buying an additional 78 shares during the last quarter. Intergy Private Wealth LLC lifted its stake in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after purchasing an additional 80 shares during the last quarter. BKM Wealth Management LLC increased its stake in Philip Morris International by 3.4% during the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after purchasing an additional 81 shares during the last quarter. Wealthstream Advisors Inc. raised its holdings in shares of Philip Morris International by 3.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock worth $297,000 after purchasing an additional 82 shares during the period. Finally, 49 Wealth Management LLC lifted its position in shares of Philip Morris International by 3.6% in the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $157.34 on Wednesday. The firm has a 50 day simple moving average of $131.04 and a 200 day simple moving average of $127.10. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $158.23. The company has a market cap of $244.64 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,143 shares of company stock worth $19,092,846. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PM shares. UBS Group increased their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Finally, Barclays cut their price objective on shares of 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.22.

Philip Morris International 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.