Philip Morris International Inc. (NYSE:PM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,087 shares of the company’s stock after selling 831 shares during the period. D.A. Davidson & CO.’s holdings in Philip Morris International were worth $11,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Truist Financial Corp grew its holdings in shares of Philip Morris International by 8.6% in the fourth quarter. Truist Financial Corp now owns 2,310,264 shares of the company’s stock valued at $278,040,000 after purchasing an additional 182,314 shares during the period. Blue Chip Partners LLC grew its holdings in shares of Philip Morris International by 0.8% in the fourth quarter. Blue Chip Partners LLC now owns 191,269 shares of the company’s stock valued at $23,019,000 after purchasing an additional 1,425 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in shares of Philip Morris International by 1.2% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 17,153 shares of the company’s stock valued at $2,064,000 after purchasing an additional 206 shares during the period. Americana Partners LLC grew its holdings in shares of Philip Morris International by 2,523.2% in the fourth quarter. Americana Partners LLC now owns 153,013 shares of the company’s stock valued at $18,415,000 after purchasing an additional 147,180 shares during the period. Finally, Strategic Advisors LLC grew its holdings in shares of Philip Morris International by 4.9% in the fourth 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 period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the subject of a number of analyst reports. Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.22.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of PM stock opened at $148.85 on Wednesday. The firm has a market cap of $231.43 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $151.22. The company has a 50-day moving average of $127.91 and a two-hundred day moving average of $125.52.

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, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given 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 3.63%. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.