Philip Morris International Inc. (NYSE:PM) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,617 shares of the company’s stock after selling 311 shares during the quarter. Morningstar Investment Management LLC’s holdings in Philip Morris International were worth $676,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. boosted its position in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC raised its position in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $33,000. Sierra Ocean LLC bought a new position in shares of Philip Morris International during the fourth quarter worth about $37,000. Finally, Concord Wealth Partners grew its position in shares of Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after acquiring an additional 298 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

NYSE PM opened at $149.64 on Thursday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $151.22. The business has a 50 day simple moving average of $128.76 and a 200 day simple moving average of $125.90. The stock has a market cap of $232.67 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.60 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued 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 net margin of 7.89% and a negative return on equity of 120.08%. On average, analysts predict that Philip Morris International Inc. will post 7.13 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.61%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Insider Buying and Selling at Philip Morris International

In related 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays reduced their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, 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. One research 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. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

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.