Philip Morris International Inc. (NYSE:PM) Shares Sold by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,421 shares of the company’s stock after selling 483 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Philip Morris International were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in PM. Penobscot Investment Management Company Inc. increased its stake in Philip Morris International by 3.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 3,354 shares of the company’s stock valued at $404,000 after buying an additional 100 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Philip Morris International by 5.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 79,620 shares of the company’s stock valued at $9,582,000 after acquiring an additional 4,416 shares in the last quarter. Baxter Bros Inc. raised its holdings in Philip Morris International by 3.8% during the fourth quarter. Baxter Bros Inc. now owns 3,677 shares of the company’s stock worth $443,000 after purchasing an additional 136 shares in the last quarter. PKS Advisory Services LLC acquired a new stake in Philip Morris International in the fourth quarter worth approximately $343,000. Finally, First American Trust FSB boosted its stake in Philip Morris International by 3.1% during the 4th quarter. First American Trust FSB now owns 31,319 shares of the company’s stock valued at $3,769,000 after purchasing an additional 950 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

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

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research reports. Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, UBS Group lifted 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 report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $155.17 on Friday. The firm has a 50 day simple moving average of $145.83 and a 200 day simple moving average of $132.10. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The company has a market cap of $241.27 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued 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%. On average, equities analysts predict 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 will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. Philip Morris International’s dividend payout ratio is 119.73%.

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.