Howe & Rusling Inc. Sells 4,087 Shares of Philip Morris International Inc. (NYSE:PM)

Howe & Rusling Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,041 shares of the company's stock after selling 4,087 shares during the quarter. Philip Morris International makes up approximately 1.4% of Howe & Rusling Inc.'s portfolio, making the stock its 17th biggest holding. Howe & Rusling Inc.'s holdings in Philip Morris International were worth $16,252,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the last quarter. Dunhill Financial LLC increased its position 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 worth $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at approximately $33,000. Knuff & Co LLC bought a new stake in Philip Morris International during the fourth quarter valued at approximately $36,000. Finally, Sierra Ocean LLC purchased a new position in Philip Morris International in the 4th quarter worth approximately $37,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 1.8 %

Shares of Philip Morris International stock traded up $2.83 on Monday, hitting $157.99. The stock had a trading volume of 1,798,177 shares, compared to its average volume of 5,456,929. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51. The stock's 50-day simple moving average is $145.83 and its two-hundred day simple moving average is $132.19. The stock has a market cap of $245.65 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 2.65 and a beta of 0.53.

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Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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 analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 119.73%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PM shares. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Barclays lifted their price target 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. Stifel Nicolaus increased their price objective 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. UBS Group boosted their target price 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. Finally, Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine 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 target price of $144.56.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares in the company, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the firm's 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 transaction, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

Philip Morris International 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.