Amica Retiree Medical Trust Sells 2,672 Shares of Philip Morris International Inc. (NYSE:PM)

Amica Retiree Medical Trust cut its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,769 shares of the company's stock after selling 2,672 shares during the quarter. Philip Morris International makes up approximately 1.5% of Amica Retiree Medical Trust's portfolio, making the stock its 12th biggest position. Amica Retiree Medical Trust's holdings in Philip Morris International were worth $1,537,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Dunhill Financial LLC increased its position in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the 4th quarter worth approximately $33,000. Knuff & Co LLC bought a new position in Philip Morris International in the fourth quarter worth approximately $36,000. Finally, Sierra Ocean LLC bought a new position in Philip Morris International in the fourth quarter worth approximately $37,000. Institutional investors own 78.63% of the company's stock.

Insider Buying and Selling at Philip Morris International

In other news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock valued at $19,655,585 in the last quarter. Company insiders own 0.13% of the company's stock.

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Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $2.65 during mid-day trading on Monday, hitting $157.81. 1,968,489 shares of the stock were exchanged, compared to its average volume of 5,985,830. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51. The company has a 50-day simple moving average of $145.83 and a 200 day simple moving average of $132.19. The company has a market capitalization of $245.36 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results 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 net margin of 7.89% and a negative return on equity of 120.08%. Analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.42%. Philip Morris International's dividend payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PM. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. 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 report on Friday, February 7th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. Finally, Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.56.

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.