PDS Planning Inc Sells 141 Shares of Philip Morris International Inc. (NYSE:PM)

PDS Planning Inc cut its holdings in Philip Morris International Inc. (NYSE:PM) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,963 shares of the company’s stock after selling 141 shares during the period. PDS Planning Inc’s holdings in Philip Morris International were worth $477,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. NewSquare Capital LLC grew its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Dunhill Financial LLC grew its position in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the fourth quarter worth about $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the fourth quarter worth about $36,000. Finally, Sierra Ocean LLC acquired a new stake in Philip Morris International during the fourth quarter worth about $37,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Performance

NYSE:PM opened at $153.79 on Wednesday. The stock’s fifty day moving average price is $140.44 and its two-hundred day moving average price is $130.64. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The company has a market cap of $239.12 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 2.65 and a beta of 0.53.

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

Philip Morris International Dividend Announcement

The business also recently declared 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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Insider Activity

In related news, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 in the last 90 days. 0.13% of the stock is owned by company insiders.

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.