Checchi Capital Advisers LLC Has $2.02 Million Position in Philip Morris International Inc. (NYSE:PM)

Checchi Capital Advisers LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,755 shares of the company’s stock after selling 144 shares during the period. Checchi Capital Advisers LLC’s holdings in Philip Morris International were worth $2,016,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. National Pension Service lifted its position in Philip Morris International by 17.5% during the 4th quarter. National Pension Service now owns 3,579,451 shares of the company’s stock worth $430,787,000 after acquiring an additional 533,845 shares during the last quarter. Advisor OS LLC boosted its position in shares of Philip Morris International by 6.0% in the fourth quarter. Advisor OS LLC now owns 6,107 shares of the company’s stock valued at $735,000 after acquiring an additional 345 shares during the period. Lake Street Advisors Group LLC increased its position in Philip Morris International by 9.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 8,491 shares of the company’s stock worth $1,033,000 after acquiring an additional 721 shares during the period. Illinois Municipal Retirement Fund increased its position in Philip Morris International by 46.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 134,045 shares of the company’s stock worth $16,132,000 after acquiring an additional 42,420 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Philip Morris International by 20.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,415,881 shares of the company’s stock valued at $170,401,000 after purchasing an additional 242,350 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.7 %

Shares of PM stock opened at $157.34 on Wednesday. The company has a market capitalization of $244.64 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $158.23. The firm has a 50-day moving average price of $131.04 and a 200 day moving average price of $127.10.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping 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%. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.43%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the 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 transaction, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,143 shares of company stock worth $19,092,846. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PM shares. UBS Group boosted their price objective 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 lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.22.

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.