Carrera Capital Advisors Sells 9,084 Shares of Philip Morris International Inc. (NYSE:PM)

Carrera Capital Advisors reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 41.9% during the fourth quarter, Holdings Channel reports. The fund owned 12,608 shares of the company’s stock after selling 9,084 shares during the period. Carrera Capital Advisors’ holdings in Philip Morris International were worth $1,534,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Valley Wealth Managers Inc. boosted its stake in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC increased its position in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the fourth quarter worth $33,000. Sierra Ocean LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $37,000. Finally, Asset Dedication LLC increased its position in Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after buying an additional 147 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value 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 valued at $19,092,846 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PM shares. UBS Group lifted their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Down 3.0 %

PM stock opened at $153.98 on Wednesday. The firm has a 50-day simple moving average of $134.22 and a 200-day simple moving average of $128.43. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The stock has a market capitalization of $239.42 billion, a P/E ratio of 34.14, a P/E/G ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly 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, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.