Moors & Cabot Inc. Decreases Stake in Philip Morris International Inc. (NYSE:PM)

Moors & Cabot Inc. lowered its stake in Philip Morris International Inc. (NYSE:PM) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,755 shares of the company’s stock after selling 248 shares during the period. Moors & Cabot Inc.’s holdings in Philip Morris International were worth $2,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC raised its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC raised its holdings in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International during the fourth quarter worth $33,000. Finally, Sierra Ocean LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PM shares. 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. Barclays raised their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group raised their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Morgan Stanley started coverage on shares of 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 cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Insider Activity

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

PM opened at $151.23 on Thursday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The company has a fifty day moving average of $137.92 and a two-hundred day moving average of $129.73. The stock has a market capitalization of $235.14 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.65 and a beta of 0.53.

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

Philip Morris International Announces Dividend

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