Tradewinds LLC. Sells 171 Shares of Philip Morris International Inc. (NYSE:PM)

Tradewinds LLC. lowered its position in Philip Morris International Inc. (NYSE:PM) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,740 shares of the company’s stock after selling 171 shares during the quarter. Tradewinds LLC.’s holdings in Philip Morris International were worth $691,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Meridian Wealth Partners LLC increased its position in Philip Morris International by 4.1% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after buying an additional 70 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of 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 acquiring an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after acquiring an additional 73 shares during the period. Balboa Wealth Partners raised its stake in Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after acquiring an additional 74 shares during the period. Finally, Centurion Wealth Management LLC lifted its holdings in Philip Morris International by 3.5% during the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock valued at $268,000 after purchasing an additional 75 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the sale, the insider now owns 106,244 shares in the company, valued at $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Emmanuel Babeau sold 30,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the sale, the chief financial officer now directly owns 139,105 shares in the company, valued at approximately $20,705,779.25. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 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 Stock Up 2.4 %

PM stock opened at $158.85 on Tuesday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.87. The business has a 50-day simple moving average of $146.57 and a 200 day simple moving average of $132.43. The company has a market cap of $246.99 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. UBS Group raised their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Stifel Nicolaus increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.