Philip Morris International Inc. (NYSE:PM) Stock Position Lowered by Zions Bancorporation N.A.

Zions Bancorporation N.A. trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,197 shares of the company’s stock after selling 2,309 shares during the period. Zions Bancorporation N.A.’s holdings in Philip Morris International were worth $7,846,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC increased its holdings in shares of Philip Morris International by 25.8% in the 4th quarter. Ashton Thomas Securities LLC now owns 10,215 shares of the company’s stock valued at $1,230,000 after purchasing an additional 2,094 shares during the period. GQG Partners LLC grew its position in Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Modern Wealth Management LLC increased its stake in Philip Morris International by 17.3% in the 4th quarter. Modern Wealth Management LLC now owns 17,231 shares of the company’s stock valued at $2,074,000 after buying an additional 2,537 shares during the period. EntryPoint Capital LLC lifted its position in Philip Morris International by 14.4% in the 4th quarter. EntryPoint Capital LLC now owns 2,998 shares of the company’s stock worth $361,000 after buying an additional 377 shares in the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd boosted its stake in shares of Philip Morris International by 134.1% during the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 90,600 shares of the company’s stock valued at $10,904,000 after buying an additional 51,900 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.1 %

NYSE PM opened at $151.66 on Tuesday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The company has a fifty day simple moving average of $143.06 and a 200 day simple moving average of $131.40. The company has a market cap of $235.81 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results 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%. 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.56%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, UBS Group boosted their target price 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 assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International 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 in the company, valued at approximately $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. Over the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by company insiders.

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.