First Foundation Advisors Has $16.81 Million Position in Philip Morris International Inc. (NYSE:PM)

First Foundation Advisors trimmed its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,656 shares of the company's stock after selling 66,236 shares during the quarter. First Foundation Advisors' holdings in Philip Morris International were worth $16,808,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PM. Morse Asset Management Inc bought a new position in Philip Morris International during the third quarter worth about $206,000. Executive Wealth Management LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at approximately $508,000. Brophy Wealth Management LLC bought a new position in shares of Philip Morris International during the 3rd quarter worth approximately $203,000. Coldstream Capital Management Inc. increased its holdings in shares of Philip Morris International by 6.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 34,030 shares of the company's stock worth $4,138,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Philip Morris International in the 3rd quarter valued at $2,406,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Buying and Selling at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Werner Barth sold 10,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the transaction, the insider now directly owns 106,244 shares of the company's stock, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 in the last ninety days. 0.14% of the stock is currently owned by company insiders.

Remove Ads

Philip Morris International Stock Up 1.8 %

Shares of PM traded up $2.68 during mid-day trading on Friday, hitting $153.85. 6,458,822 shares of the company's stock were exchanged, compared to its average volume of 5,569,399. The firm has a market cap of $239.47 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The stock's 50-day simple moving average is $152.03 and its 200-day simple moving average is $134.63. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $163.08.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 120.08% and a net margin of 7.89%. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.51%. Philip Morris International's payout ratio is 119.73%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group increased their price target 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. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.44.

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.