RMR Wealth Builders Sells 143 Shares of Philip Morris International Inc. (NYSE:PM)

RMR Wealth Builders lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,459 shares of the company’s stock after selling 143 shares during the quarter. RMR Wealth Builders’ holdings in Philip Morris International were worth $296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in shares of Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after purchasing an additional 1,715 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Philip Morris International in the 2nd quarter worth approximately $138,000. Johnson Investment Counsel Inc. lifted its holdings in shares of Philip Morris International by 1.0% during the second quarter. Johnson Investment Counsel Inc. now owns 55,550 shares of the company’s stock worth $5,629,000 after buying an additional 540 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in shares of Philip Morris International by 7.6% in the second quarter. Main Street Financial Solutions LLC now owns 6,325 shares of the company’s stock valued at $641,000 after acquiring an additional 446 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Philip Morris International by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 76,026 shares of the company’s stock worth $7,704,000 after acquiring an additional 889 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. This represents a 9.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 3.8 %

PM stock opened at $117.25 on Friday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The business’s 50 day moving average is $126.34 and its 200-day moving average is $120.58. The firm has a market cap of $182.30 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.22 and a beta of 0.54.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. Sell-side analysts forecast that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 26th will be given a $1.35 dividend. The ex-dividend date is Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.61%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PM shares. Citigroup increased their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. UBS Group increased their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.39.

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.