Quintet Private Bank Europe S.A. Decreases Position in Philip Morris International Inc. (NYSE:PM)

Quintet Private Bank Europe S.A. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 95.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 303 shares of the company's stock after selling 6,207 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Philip Morris International were worth $36,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. LGT Fund Management Co Ltd. increased its position in shares of Philip Morris International by 985.5% during the fourth quarter. LGT Fund Management Co Ltd. now owns 23,490 shares of the company's stock worth $2,827,000 after purchasing an additional 21,326 shares in the last quarter. Bellecapital International Ltd. increased its holdings in shares of Philip Morris International by 141.2% during the fourth quarter. Bellecapital International Ltd. now owns 4,100 shares of the company's stock valued at $493,000 after acquiring an additional 2,400 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Philip Morris International by 53.2% in the fourth quarter. Jones Financial Companies Lllp now owns 118,184 shares of the company's stock worth $14,223,000 after buying an additional 41,043 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in Philip Morris International by 82.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,960 shares of the company's stock worth $356,000 after acquiring an additional 1,337 shares during the period. Finally, Asahi Life Asset Management CO. LTD. boosted its position in Philip Morris International by 23.0% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 5,830 shares of the company's stock valued at $702,000 after buying an additional 1,090 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Activity at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company's stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now 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. Over the last three months, insiders have sold 128,143 shares of company stock worth $19,092,846. Insiders own 0.13% of the company's stock.

Philip Morris International Price Performance

Philip Morris International stock traded down $0.38 during midday trading on Thursday, reaching $152.76. The company had a trading volume of 460,241 shares, compared to its average volume of 5,150,826. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The firm's fifty day simple moving average is $134.82 and its 200-day simple moving average is $128.60. The company has a market capitalization of $237.52 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping 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%. On average, analysts expect that Philip Morris International Inc. will post 7.14 EPS 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 dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.53%. Philip Morris International's payout ratio is 119.73%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Barclays boosted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $144.56.

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.