Kanawha Capital Management LLC Sells 757 Shares of Philip Morris International Inc. (NYSE:PM)

Kanawha Capital Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 9.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,395 shares of the company’s stock after selling 757 shares during the period. Kanawha Capital Management LLC’s holdings in Philip Morris International were worth $890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. White Lighthouse Investment Management Inc. grew its position in Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after acquiring an additional 4,999 shares during the last quarter. Range Financial Group LLC grew its position in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after buying an additional 19,127 shares during the last quarter. Accredited Investors Inc. grew its position in shares of Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after buying an additional 201,294 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after buying an additional 16,035 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after buying an additional 6,605 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.4 %

Shares of NYSE PM opened at $149.27 on Friday. The stock has a fifty day simple moving average of $126.73 and a two-hundred day simple moving average of $124.72. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $150.24. The firm has a market cap of $232.08 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share 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 9.24%. Analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Dividend Announcement

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 was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.62%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insiders Place Their Bets

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PM shares. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday. Barclays dropped their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group boosted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.56.

About Philip Morris International

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.