Hendley & Co. Inc. Sells 175 Shares of Philip Morris International Inc. (NYSE:PM)

Hendley & Co. Inc. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 13,025 shares of the company’s stock after selling 175 shares during the quarter. Hendley & Co. Inc.’s holdings in Philip Morris International were worth $1,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. White Lighthouse Investment Management Inc. raised its stake in Philip Morris International by 71.4% in the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after buying an additional 4,999 shares in the last quarter. Range Financial Group LLC raised its position in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after acquiring an additional 19,127 shares in the last quarter. Accredited Investors Inc. lifted its stake in shares of Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after purchasing an additional 201,294 shares during the period. Park Avenue Securities LLC boosted its position in shares of Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM opened at $156.13 on Tuesday. The company’s 50-day simple moving average is $130.42 and its two-hundred day simple moving average is $126.81. The stock has a market capitalization of $242.76 billion, a P/E ratio of 34.62, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $156.63.

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

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. 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 3.46%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PM shares. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. UBS Group raised their price objective 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. Finally, Barclays dropped their target price on 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

Insiders Place Their Bets

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the transaction, the chief financial officer now owns 139,105 shares of the company’s stock, valued at approximately $20,705,779.25. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,143 shares of company stock worth $19,092,846. Company insiders own 0.14% of the company’s stock.

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.