Atria Investments Inc Trims Position in Philip Morris International Inc. (NYSE:PM)

Atria Investments Inc reduced its position in Philip Morris International Inc. (NYSE:PM) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 134,886 shares of the company’s stock after selling 1,316 shares during the period. Atria Investments Inc’s holdings in Philip Morris International were worth $16,233,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. NewSquare Capital LLC increased its position in shares of 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. Investment Advisory Services Inc. TX ADV grew its holdings in Philip Morris International by 3.2% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after acquiring an additional 78 shares during the period. Intergy Private Wealth LLC raised its position 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 worth $236,000 after acquiring an additional 80 shares in the last quarter. BKM Wealth Management LLC lifted its holdings in Philip Morris International by 3.4% in the 4th 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 during the last quarter. Finally, Detalus Advisors LLC boosted its position in shares of Philip Morris International by 2.6% during the 4th quarter. Detalus Advisors LLC now owns 3,231 shares of the company’s stock valued at $389,000 after purchasing an additional 81 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 3.0 %

NYSE PM opened at $153.98 on Wednesday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The stock has a market cap of $239.42 billion, a P/E ratio of 34.14, a PEG ratio of 2.65 and a beta of 0.55. The company’s 50-day simple moving average is $134.22 and its 200 day simple moving average is $128.43.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 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%. Research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is currently 119.73%.

Insider Buying and Selling

In related news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock worth $19,092,846 in the last three months. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

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

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.