Foster Dykema Cabot & Partners LLC Decreases Stock Position in Philip Morris International Inc. (NYSE:PM)

Foster Dykema Cabot & Partners LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,365 shares of the company’s stock after selling 145 shares during the quarter. Foster Dykema Cabot & Partners LLC’s holdings in Philip Morris International were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. First Commonwealth Financial Corp PA increased its holdings in Philip Morris International by 4.4% during the 4th quarter. First Commonwealth Financial Corp PA now owns 10,296 shares of the company’s stock valued at $1,239,000 after purchasing an additional 432 shares during the period. Farringdon Capital Ltd. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $1,522,000. Advisory Research Inc. increased its stake in shares of Philip Morris International by 29.0% during the fourth quarter. Advisory Research Inc. now owns 120,785 shares of the company’s stock valued at $14,537,000 after buying an additional 27,187 shares during the period. Gratus Wealth Advisors LLC raised its holdings in shares of Philip Morris International by 3.1% during the fourth quarter. Gratus Wealth Advisors LLC now owns 2,628 shares of the company’s stock valued at $316,000 after acquiring an additional 80 shares in the last quarter. Finally, Cravens & Co Advisors LLC lifted its stake in Philip Morris International by 0.7% in the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock worth $1,210,000 after acquiring an additional 74 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.78.

Insiders Place Their Bets

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International 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 completion of the sale, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Werner Barth sold 10,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the sale, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This trade represents a 8.60 % 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. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $160.41 on Thursday. The company has a 50-day simple moving average of $153.17 and a two-hundred day simple moving average of $135.34. Philip Morris International Inc. has a 52-week low of $89.30 and a 52-week high of $163.08. The stock has a market capitalization of $249.68 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) 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%. As a group, equities 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 Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

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.