Copperwynd Financial LLC Buys 2,296 Shares of Philip Morris International Inc. (NYSE:PM)

Copperwynd Financial LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 13.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,128 shares of the company’s stock after purchasing an additional 2,296 shares during the period. Copperwynd Financial LLC’s holdings in Philip Morris International were worth $2,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in 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 buying an additional 72 shares in the last quarter. Valley Wealth Managers Inc. raised its holdings 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 purchasing an additional 183 shares during the period. Dunhill Financial LLC raised its holdings 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 purchasing 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. 78.63% of the stock is owned by institutional investors.

Insider Transactions at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares in the company, valued at $83,674,681.94. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 1.0 %

Shares of NYSE:PM opened at $151.95 on Friday. The company’s 50 day moving average price is $139.10 and its two-hundred day moving average price is $130.08. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The firm has a market cap of $236.26 billion, a PE ratio of 33.69, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its earnings results 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%. On average, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. 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 research note on Friday, February 7th. Finally, Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.56.

Philip Morris International Company 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.