Philip Morris International Inc. (NYSE:PM) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its position in Philip Morris International Inc. (NYSE:PM) by 7.9% during the fourth quarter, Holdings Channel reports. The firm owned 220,415 shares of the company’s stock after selling 18,981 shares during the period. Sanctuary Advisors LLC’s holdings in Philip Morris International were worth $28,724,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of PM. Creative Planning increased its holdings in shares of Philip Morris International by 5.6% in the third quarter. Creative Planning now owns 365,549 shares of the company’s stock valued at $44,378,000 after purchasing an additional 19,490 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Philip Morris International by 110.4% in the third quarter. V Square Quantitative Management LLC now owns 4,144 shares of the company’s stock worth $503,000 after buying an additional 2,174 shares during the last quarter. Stratos Investment Management LLC boosted its stake in shares of Philip Morris International by 2.1% in the third quarter. Stratos Investment Management LLC now owns 4,952 shares of the company’s stock worth $601,000 after buying an additional 104 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Philip Morris International by 9.7% in the third quarter. Commonwealth Equity Services LLC now owns 592,619 shares of the company’s stock worth $71,944,000 after buying an additional 52,211 shares during the last quarter. Finally, AA Financial Advisors LLC boosted its stake in shares of Philip Morris International by 7.9% in the third quarter. AA Financial Advisors LLC now owns 8,629 shares of the company’s stock worth $1,048,000 after buying an additional 630 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE:PM opened at $150.60 on Monday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $151.22. The stock has a market cap of $234.16 billion, a PE ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55. The stock has a 50 day moving average price of $127.47 and a 200 day moving average price of $125.21.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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 9.24%. As a group, analysts predict that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.59%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, Barclays lowered their price target 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. One research 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, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

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.