Tacita Capital Inc Decreases Holdings in Philip Morris International Inc. (NYSE:PM)

Tacita Capital Inc lowered its stake in Philip Morris International Inc. (NYSE:PM) by 37.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 488 shares of the company’s stock after selling 298 shares during the quarter. Tacita Capital Inc’s holdings in Philip Morris International were worth $59,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV lifted its stake in shares of 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 purchasing an additional 78 shares during the period. Intergy Private Wealth LLC lifted its stake in shares of Philip Morris International by 4.3% during the 4th 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 period. BKM Wealth Management LLC increased its holdings in shares of Philip Morris International by 3.4% during the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after buying an additional 81 shares during the last quarter. Detalus Advisors LLC increased its holdings in shares of Philip Morris International by 2.6% during the 4th quarter. Detalus Advisors LLC now owns 3,231 shares of the company’s stock worth $389,000 after buying an additional 81 shares during the last quarter. Finally, Wealthstream Advisors Inc. increased its holdings in shares of Philip Morris International by 3.4% during the 4th quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock worth $297,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 2.3 %

Shares of NYSE PM opened at $158.78 on Tuesday. The stock has a fifty day moving average price of $133.60 and a 200 day moving average price of $128.18. The company has a market cap of $246.88 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $158.85.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share 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 forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.40%. Philip Morris International’s payout ratio is currently 119.73%.

Insider Buying and Selling at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. 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 ninety days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group upped their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

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.