Krilogy Financial LLC Sells 3,628 Shares of Philip Morris International Inc. (NYSE:PM)

Krilogy Financial LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,492 shares of the company's stock after selling 3,628 shares during the period. Krilogy Financial LLC's holdings in Philip Morris International were worth $2,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. lifted its stake in Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company's stock valued at $882,000 after buying an additional 1,715 shares during the period. Brighton Jones LLC increased its stake in shares of Philip Morris International by 3.8% in the 2nd quarter. Brighton Jones LLC now owns 6,866 shares of the company's stock valued at $696,000 after acquiring an additional 249 shares during the last quarter. Ieq Capital LLC raised its position in shares of Philip Morris International by 10.3% in the 2nd quarter. Ieq Capital LLC now owns 50,310 shares of the company's stock valued at $5,098,000 after acquiring an additional 4,692 shares during the period. Benjamin Edwards Inc. boosted its stake in Philip Morris International by 48.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 10,249 shares of the company's stock worth $1,039,000 after acquiring an additional 3,346 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Philip Morris International by 5.8% during the second quarter. Sei Investments Co. now owns 660,948 shares of the company's stock valued at $66,975,000 after purchasing an additional 35,966 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Stifel Nicolaus reaffirmed a "buy" rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday. They set an "overweight" rating and a $140.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.35.

Philip Morris International Stock Up 1.7 %

Shares of NYSE:PM traded up $2.08 during midday trading on Friday, reaching $121.88. The company had a trading volume of 5,165,969 shares, compared to its average volume of 3,837,312. The business's 50 day moving average price is $125.50 and its 200 day moving average price is $121.33. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The stock has a market cap of $189.51 billion, a PE ratio of 19.35, a P/E/G ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business had revenue of $9.91 billion during the quarter, compared to analysts' expectations of $9.68 billion. During the same period last year, the business earned $1.67 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. On average, research analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.43%. Philip Morris International's dividend payout ratio (DPR) is currently 85.71%.

Insider Buying and Selling

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares of the company's stock, valued at $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

About Philip Morris International

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.