Vestcor Inc Trims Position in Philip Morris International Inc. (NYSE:PM)

Vestcor Inc decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,221 shares of the company's stock after selling 2,661 shares during the quarter. Vestcor Inc's holdings in Philip Morris International were worth $7,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PM. NewSquare Capital LLC raised its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% during the third 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 increased its holdings in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $33,000. Finally, Knuff & Co LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.7 %

PM traded down $1.01 during mid-day trading on Thursday, reaching $150.32. 6,258,439 shares of the company traded hands, compared to its average volume of 5,209,776. The stock has a market capitalization of $233.72 billion, a P/E ratio of 33.33, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The company's fifty day moving average price is $138.50 and its 200-day moving average price is $129.87.

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Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.59%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last 90 days. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on PM shares. Stifel Nicolaus boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. UBS Group upped their price target 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. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.