Northwest Capital Management Inc Sells 152 Shares of Philip Morris International Inc. (NYSE:PM)

Northwest Capital Management Inc trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,254 shares of the company’s stock after selling 152 shares during the period. Northwest Capital Management Inc’s holdings in Philip Morris International were worth $118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. OLD National Bancorp IN increased its stake in Philip Morris International by 0.7% in the fourth quarter. OLD National Bancorp IN now owns 101,030 shares of the company’s stock valued at $9,505,000 after purchasing an additional 725 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Philip Morris International by 13.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,584 shares of the company’s stock valued at $337,000 after purchasing an additional 427 shares in the last quarter. Heritage Investment Group Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $202,000. CWM LLC increased its stake in Philip Morris International by 32.5% in the fourth quarter. CWM LLC now owns 45,738 shares of the company’s stock valued at $4,303,000 after purchasing an additional 11,228 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $59,000. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PM shares. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Price Performance

NYSE PM traded up $2.57 on Friday, hitting $93.77. 8,710,167 shares of the stock were exchanged, compared to its average volume of 5,807,585. The business’s fifty day moving average is $91.20 and its 200 day moving average is $92.04. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.79. The company has a market capitalization of $145.77 billion, a PE ratio of 18.68, a P/E/G ratio of 1.96 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the company posted $1.39 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Analysts predict that Philip Morris International Inc. will post 6.38 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is presently 103.59%.

Insider Activity

In other news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

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.