KLCM Advisors Inc. Cuts Stock Position in Philip Morris International Inc. (NYSE:PM)

KLCM Advisors Inc. decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 15.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,772 shares of the company’s stock after selling 2,152 shares during the quarter. KLCM Advisors Inc.’s holdings in Philip Morris International were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Nicholas Hoffman & Company LLC. grew its holdings in shares of Philip Morris International by 1.2% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 17,153 shares of the company’s stock valued at $2,064,000 after buying an additional 206 shares during the last quarter. Americana Partners LLC lifted its position in Philip Morris International by 2,523.2% in the 4th quarter. Americana Partners LLC now owns 153,013 shares of the company’s stock valued at $18,415,000 after acquiring an additional 147,180 shares in the last quarter. Strategic Advisors LLC boosted its stake in Philip Morris International by 4.9% during the 4th quarter. Strategic Advisors LLC now owns 4,292 shares of the company’s stock valued at $517,000 after purchasing an additional 200 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth $37,000. Finally, Keystone Financial Services lifted its holdings in shares of Philip Morris International by 3.5% during the fourth quarter. Keystone Financial Services now owns 10,783 shares of the company’s stock valued at $1,298,000 after purchasing an additional 369 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group boosted their price objective 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. Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.56.

Philip Morris International Price 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 business has a fifty day moving average price of $127.47 and a 200-day moving average price of $125.21. The firm has a market capitalization of $234.16 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company 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. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.