Diversify Advisory Services LLC Sells 11,566 Shares of Philip Morris International Inc. (NYSE:PM)

Diversify Advisory Services LLC decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,228 shares of the company's stock after selling 11,566 shares during the quarter. Diversify Advisory Services LLC's holdings in Philip Morris International were worth $3,775,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its stake 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% during 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 period. Concord Wealth Partners boosted its holdings in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after acquiring an additional 298 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at about $54,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Philip Morris International in the fourth quarter worth about $54,000. Institutional investors own 78.63% of the company's stock.

Insider Transactions at Philip Morris International

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

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $2.08 during trading on Monday, hitting $121.88. 5,165,969 shares of the company's stock traded hands, compared to its average volume of 3,837,312. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market cap of $189.51 billion, a PE ratio of 19.35, a PEG ratio of 1.86 and a beta of 0.54. The firm's fifty day moving average price is $125.50 and its 200 day moving average price is $121.47.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PM. Stifel Nicolaus restated a "buy" rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Citigroup increased their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.35.

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.