IHT Wealth Management LLC Trims Stock Position in Philip Morris International Inc. (NYSE:PM)

IHT Wealth Management LLC lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,494 shares of the company's stock after selling 2,398 shares during the quarter. IHT Wealth Management LLC's holdings in Philip Morris International were worth $4,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PM. NewSquare Capital LLC raised its stake in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $36,000. Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $37,000. Finally, Transce3nd LLC purchased a new position in Philip Morris International in the 4th quarter valued at $41,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday. Citigroup increased their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $163.00.

Philip Morris International Stock Up 0.1 %

Shares of PM traded up $0.12 on Friday, reaching $170.19. The stock had a trading volume of 7,755,677 shares, compared to its average volume of 5,558,675. Philip Morris International Inc. has a twelve month low of $94.42 and a twelve month high of $171.63. The firm has a market capitalization of $264.90 billion, a PE ratio of 37.74, a PEG ratio of 2.65 and a beta of 0.46. The firm has a 50-day moving average of $155.51 and a 200 day moving average of $137.57.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $1.50 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is currently 111.34%.

Insider Buying and Selling at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction 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 sale, the chairman now owns 561,349 shares of the company's stock, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.85, for a total value of $4,465,500.00. Following the sale, the chief financial officer now owns 139,105 shares of the company's stock, valued at approximately $20,705,779.25. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock valued at $19,655,585 over the last quarter. Corporate insiders own 0.13% of the company's stock.

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.