Philip Morris International Inc. (NYSE:PM) Position Lessened by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 37.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,107 shares of the company’s stock after selling 1,246 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Philip Morris International were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp raised its holdings in shares of Philip Morris International by 0.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 79,949 shares of the company’s stock worth $9,622,000 after acquiring an additional 366 shares in the last quarter. Amundi raised its holdings in Philip Morris International by 1.3% during the fourth quarter. Amundi now owns 613,683 shares of the company’s stock valued at $74,783,000 after buying an additional 7,893 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Philip Morris International by 18.1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 10,689 shares of the company’s stock valued at $1,286,000 after buying an additional 1,635 shares in the last quarter. Lifeworks Advisors LLC raised its holdings in Philip Morris International by 16.9% during the fourth quarter. Lifeworks Advisors LLC now owns 5,039 shares of the company’s stock valued at $606,000 after buying an additional 730 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Philip Morris International by 4.5% during the fourth quarter. Larson Financial Group LLC now owns 9,513 shares of the company’s stock valued at $1,145,000 after buying an additional 413 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.6 %

PM stock opened at $151.05 on Friday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The company has a market cap of $234.87 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The business’s 50-day simple moving average is $136.06 and its 200 day simple moving average is $129.00.

Philip Morris International (NYSE:PM) last released 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 negative return on equity of 120.08% and a net margin of 7.89%. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Insider Activity

In related news, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,822 shares of company stock worth $19,655,585. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of several recent research reports. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. UBS Group raised their target price on 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 Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Finally, Barclays raised their price target on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target 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.