Philip Morris International Inc. (NYSE:PM) Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC cut its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 30.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,340 shares of the company's stock after selling 1,881 shares during the quarter. Simplicity Wealth LLC's holdings in Philip Morris International were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. NewSquare Capital LLC boosted its stake in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its holdings in shares of Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company's stock worth $302,000 after acquiring an additional 78 shares during the period. Intergy Private Wealth LLC raised its holdings in shares of Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company's stock worth $236,000 after acquiring an additional 80 shares during the period. BKM Wealth Management LLC raised its holdings in shares of Philip Morris International by 3.4% during the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company's stock worth $298,000 after acquiring an additional 81 shares during the period. Finally, Detalus Advisors LLC raised its holdings in Philip Morris International by 2.6% in the 4th quarter. Detalus Advisors LLC now owns 3,231 shares of the company's stock valued at $389,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective on the stock. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Barclays lifted their target price on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, UBS Group lifted their target price on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average price target of $144.56.

Insider Transactions at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $1.86 on Tuesday, reaching $152.45. 5,681,397 shares of the company were exchanged, compared to its average volume of 5,207,052. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The company has a market cap of $237.03 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The stock's 50 day moving average price is $136.66 and its 200-day moving average price is $129.35.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts predict 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 will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is presently 119.73%.

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.