Capital Wealth Planning LLC Has $3.05 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Capital Wealth Planning LLC trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,324 shares of the company's stock after selling 9,568 shares during the quarter. Capital Wealth Planning LLC's holdings in Philip Morris International were worth $3,048,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gladstone Institutional Advisory LLC lifted its holdings in Philip Morris International by 37.7% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 18,899 shares of the company's stock worth $2,294,000 after purchasing an additional 5,178 shares during the last quarter. Campbell Wealth Management acquired a new position in shares of Philip Morris International in the third quarter valued at about $315,000. Lowe Brockenbrough & Co. Inc. increased its position in Philip Morris International by 5.1% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 38,817 shares of the company's stock worth $4,765,000 after acquiring an additional 1,873 shares during the period. Private Wealth Group LLC acquired a new stake in Philip Morris International in the 3rd quarter worth about $225,000. Finally, Dash Acquisitions Inc. boosted its holdings in Philip Morris International by 5.8% in the 3rd quarter. Dash Acquisitions Inc. now owns 207,753 shares of the company's stock valued at $26,979,000 after purchasing an additional 11,393 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, 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 on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $144.56.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $0.73 during trading on Wednesday, reaching $153.22. 4,238,511 shares of the company's stock were exchanged, compared to its average volume of 5,168,678. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The company has a market cap of $238.23 billion, a P/E ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53. The firm's 50-day moving average price is $134.82 and its 200 day moving average price is $128.60.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

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 $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.52%. Philip Morris International's dividend payout ratio is currently 119.73%.

Insiders Place Their Bets

In other news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.13% of the stock is currently owned by insiders.

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.