Hourglass Capital LLC Trims Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Hourglass Capital LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 72,450 shares of the company’s stock after selling 600 shares during the quarter. Philip Morris International makes up 2.4% of Hourglass Capital LLC’s holdings, making the stock its 6th biggest holding. Hourglass Capital LLC’s holdings in Philip Morris International were worth $8,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new position in shares of Philip Morris International in the 4th quarter worth approximately $3,637,000. Allworth Financial LP lifted its position in Philip Morris International by 20.2% in the fourth quarter. Allworth Financial LP now owns 72,402 shares of the company’s stock worth $8,897,000 after buying an additional 12,168 shares during the last quarter. Principal Securities Inc. boosted its stake in Philip Morris International by 14.7% during the fourth quarter. Principal Securities Inc. now owns 62,753 shares of the company’s stock worth $7,552,000 after buying an additional 8,038 shares during the period. Legacy Capital Wealth Partners LLC increased its position in Philip Morris International by 19.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 10,929 shares of the company’s stock valued at $1,315,000 after acquiring an additional 1,763 shares during the last quarter. Finally, Everhart Financial Group Inc. raised its stake in shares of Philip Morris International by 8.8% in the fourth quarter. Everhart Financial Group Inc. now owns 11,469 shares of the company’s stock valued at $1,380,000 after acquiring an additional 928 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PM shares. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Barclays cut their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.56.

Philip Morris International Stock Performance

NYSE PM opened at $150.60 on Friday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $151.22. The company has a market capitalization of $234.16 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company’s 50-day simple moving average is $127.47 and its two-hundred day simple moving average is $125.14.

Philip Morris International (NYSE:PM) last issued 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 net margin of 9.24% and a negative return on equity of 120.08%. Equities analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.