Cypress Capital Group Has $5.59 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Cypress Capital Group reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,417 shares of the company's stock after selling 6,852 shares during the quarter. Cypress Capital Group's holdings in Philip Morris International were worth $5,586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its stake in Philip Morris International by 457.5% during 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 in the last quarter. Dunhill Financial LLC raised its stake in 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 acquiring an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in Philip Morris International during the fourth quarter worth $37,000. Finally, Asset Dedication LLC raised its stake in 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 acquiring an additional 147 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction dated Wednesday, February 12th. The stock was 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. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays increased their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $144.56.

Philip Morris International Trading Down 0.5 %

Philip Morris International stock traded down $0.73 during mid-day trading on Wednesday, hitting $153.22. The stock had a trading volume of 4,238,511 shares, compared to its average volume of 5,169,419. The stock has a 50-day simple moving average of $134.82 and a two-hundred day simple moving average of $128.60. The stock has a market capitalization of $238.23 billion, a PE ratio of 33.97, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal 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 issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) 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.