Philip Morris International Inc. (NYSE:PM) Stake Trimmed by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,607 shares of the company’s stock after selling 2,681 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Philip Morris International were worth $7,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $33,000. Knuff & Co LLC acquired a new position in Philip Morris International in the fourth quarter valued at about $36,000. Sierra Ocean LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $37,000. Finally, Transce3nd LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several recent research reports. Citigroup increased their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Barclays raised their target price on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.33.

Insider Activity at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Werner Barth sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,822 shares of company stock worth $18,906,185 in the last three months. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

Shares of PM stock opened at $168.93 on Friday. The stock’s 50 day simple moving average is $159.99 and its two-hundred day simple moving average is $141.99. The company has a market cap of $262.94 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $176.49.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.20%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

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.