Philip Morris International Inc. (NYSE:PM) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 495,368 shares of the company's stock after selling 75,024 shares during the period. Corient Private Wealth LLC's holdings in Philip Morris International were worth $59,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the period. Dunhill Financial LLC raised its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $33,000. Knuff & Co LLC acquired a new position in Philip Morris International during the fourth quarter worth $36,000. Finally, Sierra Ocean LLC purchased a new position in Philip Morris International in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 2.4 %

Shares of NYSE:PM traded up $3.61 during trading on Monday, reaching $155.49. The stock had a trading volume of 6,679,722 shares, compared to its average volume of 5,134,946. The stock has a market cap of $241.76 billion, a P/E ratio of 34.48, a PEG ratio of 2.65 and a beta of 0.53. The business has a fifty day moving average price of $139.10 and a 200-day moving average price of $130.19. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51.

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Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared 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 3.47%. The ex-dividend date is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

Insider Activity at Philip Morris International

In other news, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at $81,495,308.62. The trade was a 6.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lars Dahlgren sold 3,679 shares of the business'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 owns 26,828 shares of the company's stock, valued at $4,103,610.88. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PM shares. Stifel Nicolaus upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. UBS Group upped their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.56.

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.