Advisory Services Network LLC Sells 5,630 Shares of Philip Morris International Inc. (NYSE:PM)

Advisory Services Network LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,591 shares of the company's stock after selling 5,630 shares during the quarter. Advisory Services Network LLC's holdings in Philip Morris International were worth $10,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC grew its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares during the period. Dunhill Financial LLC boosted 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 acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International during the 4th quarter valued at $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International in the 4th quarter worth $36,000. Finally, Sierra Ocean LLC bought a new position in Philip Morris International in the 4th quarter worth $37,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.8 %

PM stock traded up $2.68 during mid-day trading on Friday, hitting $153.85. The company had a trading volume of 6,458,822 shares, compared to its average volume of 5,569,399. The company has a 50-day moving average price of $152.03 and a 200 day moving average price of $134.63. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $163.08. The company has a market capitalization of $239.47 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.65 and a beta of 0.46.

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Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.55 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%. As a group, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Analysts Set New Price Targets

Several research firms have issued reports on PM. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Barclays increased their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus lifted their target price on shares of Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $145.44.

Insider Activity at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 approximately $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 over the last 90 days. 0.14% of the stock is owned by corporate insiders.

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.