Certuity LLC Has $589,000 Position in Philip Morris International Inc. (NYSE:PM)

Certuity LLC reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,892 shares of the company's stock after selling 2,136 shares during the quarter. Certuity LLC's holdings in Philip Morris International were worth $589,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its stake in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Dunhill Financial LLC increased its holdings in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. Concord Wealth Partners raised its position in Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after purchasing an additional 298 shares during the last quarter. Asset Dedication LLC lifted its holdings in Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after buying an additional 147 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Philip Morris International in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 78.63% of the company's stock.

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Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Barclays reduced their price objective on shares of 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. Finally, StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus price target of $139.56.

Philip Morris International Stock Performance

PM traded up $1.42 on Friday, reaching $150.60. The company had a trading volume of 4,777,665 shares, compared to its average volume of 5,552,923. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $151.22. The company's fifty day moving average is $127.47 and its 200 day moving average is $125.21. The stock has a market cap of $234.16 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) 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%. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Dividend Announcement

The firm 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 of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.59%. Philip Morris International's payout ratio is presently 119.73%.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.