UMB Bank n.a. Sells 207 Shares of Philip Morris International Inc. (NYSE:PM)

UMB Bank n.a. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,830 shares of the company’s stock after selling 207 shares during the quarter. UMB Bank n.a.’s holdings in Philip Morris International were worth $4,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strong Tower Advisory Services boosted its stake in Philip Morris International by 4.1% in the fourth quarter. Strong Tower Advisory Services now owns 16,037 shares of the company’s stock valued at $1,930,000 after acquiring an additional 627 shares in the last quarter. Diversify Wealth Management LLC boosted its position in shares of Philip Morris International by 45.5% in the 4th quarter. Diversify Wealth Management LLC now owns 31,256 shares of the company’s stock worth $3,662,000 after purchasing an additional 9,776 shares in the last quarter. LVW Advisors LLC grew its stake in Philip Morris International by 55.8% during the 4th quarter. LVW Advisors LLC now owns 8,691 shares of the company’s stock worth $1,046,000 after buying an additional 3,112 shares during the last quarter. Annex Advisory Services LLC grew its stake in Philip Morris International by 77.0% during the 4th quarter. Annex Advisory Services LLC now owns 23,681 shares of the company’s stock worth $2,850,000 after buying an additional 10,301 shares during the last quarter. Finally, Client 1ST Advisory Group LLC acquired a new position in Philip Morris International during the 4th quarter valued at about $283,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the sale, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PM shares. UBS Group boosted their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Barclays dropped 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. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Citigroup boosted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Up 1.7 %

Shares of PM stock opened at $121.88 on Tuesday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The stock has a market cap of $189.51 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. The business has a 50-day simple moving average of $125.50 and a 200-day simple moving average of $121.47.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. Sell-side analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

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.