Carrera Capital Advisors Trims Stock Position in Philip Morris International Inc. (NYSE:PM)

Carrera Capital Advisors lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,608 shares of the company's stock after selling 9,084 shares during the quarter. Carrera Capital Advisors' holdings in Philip Morris International were worth $1,534,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC boosted its holdings in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $37,000. Finally, Asset Dedication LLC boosted its holdings in shares of Philip Morris International by 55.5% during the fourth quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after purchasing an additional 147 shares during the period. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PM shares. Barclays raised their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $144.56.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock valued at $19,092,846 in the last 90 days. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Down 0.5 %

NYSE:PM traded down $0.73 during mid-day trading on Wednesday, hitting $153.22. 4,238,511 shares of the company traded hands, compared to its average volume of 5,169,419. The stock's fifty day moving average price is $134.82 and its 200-day moving average price is $128.60. The firm has a market cap of $238.23 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last issued 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%. Equities 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 disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's payout ratio is currently 119.73%.

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.