Pettyjohn Wood & White Inc. Has $2.38 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Pettyjohn Wood & White Inc. boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,745 shares of the company's stock after buying an additional 6,200 shares during the period. Pettyjohn Wood & White Inc.'s holdings in Philip Morris International were worth $2,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its holdings in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC boosted its stake in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in Philip Morris International in the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new position in Philip Morris International during the fourth quarter worth about $37,000. Finally, Asset Dedication LLC lifted its holdings in shares of Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after acquiring an additional 147 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Down 3.0 %

NYSE:PM traded down $4.81 during trading hours on Tuesday, hitting $153.98. 6,238,383 shares of the company were exchanged, compared to its average volume of 5,167,443. The stock has a market capitalization of $239.42 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $160.00. The company has a fifty day simple moving average of $133.60 and a 200 day simple moving average of $128.18.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. Philip Morris International's dividend payout ratio (DPR) is currently 119.73%.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the business's stock in a transaction dated 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 transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Yann Guerin sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares of the company's stock, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PM shares. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus boosted their target price 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. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. Finally, Barclays upped their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.56.

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.