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

D.A. Davidson & CO. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the fourth quarter, Holdings Channel reports. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Vest Financial LLC grew its position in shares of Philip Morris International by 197.1% during the third quarter. Vest Financial LLC now owns 7,786 shares of the company’s stock worth $945,000 after acquiring an additional 5,165 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Philip Morris International by 47.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 226,577 shares of the company’s stock worth $27,506,000 after acquiring an additional 72,757 shares during the last quarter. Ledyard National Bank grew its position in shares of Philip Morris International by 6.5% during the third quarter. Ledyard National Bank now owns 3,703 shares of the company’s stock worth $450,000 after acquiring an additional 227 shares during the last quarter. Telos Capital Management Inc. purchased a new position in shares of Philip Morris International during the third quarter worth approximately $479,000. Finally, Foundations Investment Advisors LLC grew its position in shares of Philip Morris International by 35.3% during the third quarter. Foundations Investment Advisors LLC now owns 20,614 shares of the company’s stock worth $2,503,000 after acquiring an additional 5,373 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PM shares. JPMorgan Chase & Co. raised 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 report on Tuesday. Barclays lowered their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Finally, Stifel Nicolaus lifted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.22.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $148.85 on Wednesday. The firm has a market capitalization of $231.43 billion, a P/E ratio of 33.00, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $151.22. The company’s fifty day moving average is $127.91 and its two-hundred day moving average is $125.52.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 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%. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.63%. Philip Morris International’s payout ratio is currently 119.73%.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International 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 completion of the transaction, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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.