GLOBALT Investments LLC GA Has $2.91 Million Position in Philip Morris International Inc. (NYSE:PM)

GLOBALT Investments LLC GA lowered its position in Philip Morris International Inc. (NYSE:PM) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,150 shares of the company’s stock after selling 169 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Philip Morris International were worth $2,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC increased its position in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Dunhill Financial LLC increased its position in Philip Morris International by 203.8% during 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 during the period. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the 4th quarter valued at approximately $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the 4th quarter valued at approximately $36,000. Finally, Sierra Ocean LLC acquired a new stake in Philip Morris International during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the sale, the chief financial officer now directly owns 139,105 shares of the company’s stock, valued at approximately $20,705,779.25. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Stifel Nicolaus increased their target price 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. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Barclays increased their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Up 1.0 %

Shares of PM opened at $151.95 on Monday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The business’s fifty day moving average is $139.10 and its 200 day moving average is $130.19. The stock has a market cap of $236.26 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.65 and a beta of 0.53.

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, topping 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, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Philip Morris International Company 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.