Arbor Capital Management Inc. ADV Reduces Position in Philip Morris International Inc. (NYSE:PM)

Arbor Capital Management Inc. ADV lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,870 shares of the company’s stock after selling 1,250 shares during the period. Philip Morris International makes up about 1.9% of Arbor Capital Management Inc. ADV’s portfolio, making the stock its 11th biggest position. Arbor Capital Management Inc. ADV’s holdings in Philip Morris International were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Gray Wealth Management Inc. lifted its stake in Philip Morris International by 2.3% during the 4th quarter. Gray Wealth Management Inc. now owns 4,314 shares of the company’s stock valued at $519,000 after acquiring an additional 95 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 purchasing an additional 73 shares during the period. IMG Wealth Management Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $188,000. GWN Securities Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $765,000. Finally, Harbour Investments Inc. lifted its stake in shares of Philip Morris International by 5.1% in the 4th quarter. Harbour Investments Inc. now owns 12,410 shares of the company’s stock valued at $1,494,000 after purchasing an additional 605 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Werner Barth sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares in the company, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 1.0 %

Philip Morris International stock opened at $151.95 on Monday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The company has a fifty day simple moving average of $139.10 and a 200-day simple moving average of $130.19. The firm has a market capitalization of $236.26 billion, a price-to-earnings ratio of 33.69, a PEG 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, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a $1.35 dividend. 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 is currently 119.73%.

Analyst Ratings Changes

Several research firms recently issued reports on PM. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Barclays boosted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, StockNews.com lowered shares of 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 given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.