Insigneo Advisory Services LLC Has $973,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Insigneo Advisory Services LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 38.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,085 shares of the company's stock after selling 5,111 shares during the quarter. Insigneo Advisory Services LLC's holdings in Philip Morris International were worth $973,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GQG Partners LLC increased its stake in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth approximately $522,214,000. Geode Capital Management LLC raised its holdings in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the period. Bank of New York Mellon Corp boosted its stake in Philip Morris International by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. Finally, Franklin Resources Inc. grew its position in Philip Morris International by 9.6% during the 4th quarter. Franklin Resources Inc. now owns 14,249,131 shares of the company's stock worth $1,714,883,000 after purchasing an additional 1,248,561 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research analyst reports. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus increased their target price on shares of Philip Morris International from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Barclays boosted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Citigroup boosted their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, UBS Group lifted their price target on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $150.78.

Insider Activity

In other news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Trading Up 1.4 %

Philip Morris International stock traded up $2.27 during trading hours on Tuesday, reaching $164.45. 2,171,057 shares of the company were exchanged, compared to its average volume of 6,357,224. Philip Morris International Inc. has a 12 month low of $93.84 and a 12 month high of $165.00. The firm has a market cap of $255.96 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 2.65 and a beta of 0.46. The stock has a 50-day moving average of $154.05 and a 200 day moving average of $136.46.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate 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, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 119.73%.

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.