Philip Morris International Inc. (NYSE:PM) Stake Lowered by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,030 shares of the company’s stock after selling 199 shares during the period. Pinion Investment Advisors LLC’s holdings in Philip Morris International were worth $846,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Investment Advisory Services Inc. TX ADV increased its position in shares of Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after buying an additional 78 shares in the last quarter. Intergy Private Wealth LLC increased its holdings in Philip Morris International by 4.3% in the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after buying an additional 80 shares during the last quarter. BKM Wealth Management LLC boosted its stake in Philip Morris International by 3.4% in the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after acquiring an additional 81 shares in the last quarter. Detalus Advisors LLC grew its stake in 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. raised its position in Philip Morris International by 3.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock valued at $297,000 after purchasing an additional 82 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on PM. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays lifted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Trading Up 2.3 %

NYSE PM opened at $158.78 on Tuesday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $158.85. The firm has a market cap of $246.88 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The stock has a 50-day moving average of $133.60 and a 200-day moving average of $128.18.

Philip Morris International (NYSE:PM) last issued its 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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share 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. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Insider Buying and Selling

In other news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock valued at $19,092,846 over the last ninety days. Company insiders own 0.13% of the company’s stock.

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.