Clifford Swan Investment Counsel LLC Has $12.62 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Clifford Swan Investment Counsel LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,881 shares of the company's stock after selling 3,176 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Philip Morris International were worth $12,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. boosted its position in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC boosted its holdings 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 acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter worth about $33,000. Sierra Ocean LLC bought a new stake in Philip Morris International during the 4th quarter worth about $37,000. Finally, Asset Dedication LLC raised its holdings in Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Buying and Selling at Philip Morris International

In other news, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares of the company's stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the completion of the sale, the chief financial officer now owns 139,105 shares in the company, valued at approximately $20,705,779.25. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock valued at $19,092,846 in the last three months. Corporate insiders own 0.13% of the company's stock.

Philip Morris International Price Performance

PM stock traded down $0.73 during midday trading on Wednesday, reaching $153.22. 4,238,346 shares of the company were exchanged, compared to its average volume of 5,165,025. The firm has a market capitalization of $238.23 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The business has a 50-day moving average price of $134.22 and a two-hundred day moving average price of $128.43. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 net margin of 7.89% and a negative return on equity of 120.08%. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.52%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PM shares. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They set an "overweight" rating and a $140.00 price objective for the company. Finally, StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target 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.