Philip Morris International Inc. (NYSE:PM) Shares Sold by Human Investing LLC

Human Investing LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,485 shares of the company’s stock after selling 1,299 shares during the period. Human Investing LLC’s holdings in Philip Morris International were worth $419,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Valley Wealth Managers Inc. increased its position in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the period. Dunhill Financial LLC increased its position in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $37,000. Finally, Concord Wealth Partners increased its position in shares of Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after acquiring an additional 298 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group upped 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. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays lowered 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. 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 target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.56.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value 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 trade represents a 19.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Up 1.0 %

PM stock opened at $150.60 on Monday. The company’s 50-day simple moving average is $127.47 and its 200-day simple moving average is $125.21. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $151.22. The firm has a market cap of $234.16 billion, a P/E ratio of 33.39, a PEG ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, analysts anticipate 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. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is currently 119.73%.

About Philip Morris International

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.