Keating Investment Counselors Inc. Sells 536 Shares of Philip Morris International Inc. (NYSE:PM)

Keating Investment Counselors Inc. trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 54,184 shares of the company’s stock after selling 536 shares during the period. Philip Morris International accounts for approximately 2.0% of Keating Investment Counselors Inc.’s investment portfolio, making the stock its 8th biggest holding. Keating Investment Counselors Inc.’s holdings in Philip Morris International were worth $6,521,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PM. Resonant Capital Advisors LLC raised its holdings in Philip Morris International by 5.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 4,855 shares of the company’s stock valued at $596,000 after acquiring an additional 237 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of Philip Morris International by 23.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 6,747 shares of the company’s stock valued at $819,000 after purchasing an additional 1,263 shares in the last quarter. Essex LLC bought a new position in Philip Morris International in the third quarter worth $202,000. Vest Financial LLC boosted its stake in Philip Morris International by 197.1% during the third quarter. Vest Financial LLC now owns 7,786 shares of the company’s stock worth $945,000 after buying an additional 5,165 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Philip Morris International by 47.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 226,577 shares of the company’s stock valued at $27,506,000 after buying an additional 72,757 shares during the period. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the topic of several analyst reports. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. UBS Group boosted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Morgan Stanley started coverage on 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. Barclays lowered their price objective on shares of 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 1.0 %

PM stock opened at $150.60 on Tuesday. The business has a 50 day moving average of $127.47 and a 200-day moving average of $125.28. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $151.22. The firm has a market cap of $234.16 billion, a PE ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. On average, research analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.