Philip Morris International Inc. (NYSE:PM) Shares Sold by Walker Asset Management LLC

Walker Asset Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,472 shares of the company’s stock after selling 315 shares during the period. Walker Asset Management LLC’s holdings in Philip Morris International were worth $899,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its position in shares of Philip Morris International by 112.5% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 6,852 shares of the company’s stock valued at $825,000 after buying an additional 3,627 shares during the last quarter. Everpar Advisors LLC grew its stake in Philip Morris International by 4.0% during the 4th quarter. Everpar Advisors LLC now owns 4,504 shares of the company’s stock worth $542,000 after buying an additional 172 shares during the last quarter. Tompkins Financial Corp increased its position in Philip Morris International by 72.4% during the fourth quarter. Tompkins Financial Corp now owns 11,688 shares of the company’s stock worth $1,407,000 after buying an additional 4,910 shares during the period. Capital Planning LLC lifted its stake in Philip Morris International by 7.1% in the fourth quarter. Capital Planning LLC now owns 2,613 shares of the company’s stock valued at $318,000 after buying an additional 173 shares during the last quarter. Finally, Cypress Wealth Services LLC boosted its holdings in shares of Philip Morris International by 9.5% in the fourth quarter. Cypress Wealth Services LLC now owns 7,391 shares of the company’s stock valued at $889,000 after acquiring an additional 643 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.7 %

Shares of PM stock opened at $121.88 on Friday. The stock has a 50 day simple moving average of $125.59 and a 200-day simple moving average of $121.05. The company has a market cap of $189.51 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion during 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%. Philip Morris International’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. On average, equities analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Insider Buying and Selling

In other news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This trade represents a 7.29 % 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, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

PM has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup boosted their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Finally, Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday. They issued an “overweight” rating and a $140.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.35.

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.