Corient Private Wealth LLC Sells 75,024 Shares of Philip Morris International Inc. (NYSE:PM)

Corient Private Wealth LLC trimmed its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PM. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing 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. bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Finally, Sierra Ocean LLC bought a new position in Philip Morris International during the fourth quarter valued at approximately $37,000. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 30,308 shares of the company's stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays increased 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. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. Finally, UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $144.56.

Philip Morris International Trading Down 1.1 %

Philip Morris International stock traded down $1.78 on Tuesday, hitting $153.93. 3,278,061 shares of the stock traded hands, compared to its average volume of 6,055,651. The firm has a market cap of $239.33 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The business's fifty day simple moving average is $139.79 and its 200 day simple moving average is $130.42. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51.

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

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.51%. Philip Morris International's payout ratio is presently 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.