Pinnacle Wealth Planning Services Inc. Sells 2,079 Shares of Philip Morris International Inc. (NYSE:PM)

Pinnacle Wealth Planning Services Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 21.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,594 shares of the company’s stock after selling 2,079 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Philip Morris International were worth $914,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted its stake in shares of Philip Morris International by 0.8% in the 4th quarter. Lindbrook Capital LLC now owns 17,260 shares of the company’s stock valued at $2,077,000 after acquiring an additional 144 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. lifted its stake in shares of Philip Morris International by 2.0% in the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 62,583 shares of the company’s stock valued at $7,532,000 after acquiring an additional 1,231 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $522,214,000. Dana Investment Advisors Inc. increased its holdings in Philip Morris International by 2.3% in the fourth quarter. Dana Investment Advisors Inc. now owns 114,137 shares of the company’s stock valued at $13,736,000 after purchasing an additional 2,517 shares during the period. Finally, Cullen Frost Bankers Inc. increased its holdings in Philip Morris International by 0.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 275,224 shares of the company’s stock valued at $33,123,000 after purchasing an additional 2,229 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at approximately $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 worth $19,092,846 in the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PM shares. Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays increased their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Trading Down 0.5 %

Shares of Philip Morris International stock opened at $153.22 on Thursday. The business has a 50-day moving average price of $134.82 and a two-hundred day moving average price of $128.60. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The company has a market cap of $238.23 billion, a P/E ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 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 7.89%. Equities research 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 announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.52%. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.