Lloyd Advisory Services LLC. Sells 709 Shares of Philip Morris International Inc. (NYSE:PM)

Lloyd Advisory Services LLC. decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,968 shares of the company’s stock after selling 709 shares during the period. Lloyd Advisory Services LLC.’s holdings in Philip Morris International were worth $237,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PM. Drum Hill Capital LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at about $282,000. Cassaday & Co Wealth Management LLC boosted its stake in Philip Morris International by 2.1% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 8,754 shares of the company’s stock worth $1,054,000 after buying an additional 183 shares in the last quarter. Compass Capital Corp MA ADV bought a new position in Philip Morris International during the fourth quarter valued at approximately $293,000. Waterfront Wealth Inc. raised its stake in shares of Philip Morris International by 2.8% during the fourth quarter. Waterfront Wealth Inc. now owns 13,344 shares of the company’s stock worth $1,606,000 after acquiring an additional 367 shares in the last quarter. Finally, Ardent Capital Management Inc. raised its stake in shares of Philip Morris International by 4.6% during the fourth quarter. Ardent Capital Management Inc. now owns 25,434 shares of the company’s stock worth $3,061,000 after acquiring an additional 1,109 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $154.39 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $154.64. The stock’s fifty day moving average price is $129.81 and its 200-day moving average price is $126.36. The company has a market cap of $240.05 billion, a P/E ratio of 34.23, a PEG ratio of 2.62 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.13 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Insider Activity

In related news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Werner Barth sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,143 shares of company stock valued at $19,092,846 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PM. UBS Group increased their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus boosted 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. 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 report on Tuesday. Finally, Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.22.

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.