Salomon & Ludwin LLC Sells 200 Shares of Philip Morris International Inc. (NYSE:PM)

Salomon & Ludwin LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,708 shares of the company’s stock after selling 200 shares during the quarter. Salomon & Ludwin LLC’s holdings in Philip Morris International were worth $3,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. Roxbury Financial LLC purchased a new stake in Philip Morris International in the fourth quarter valued at approximately $248,000. Hickory Asset Management Inc. purchased a new position in shares of Philip Morris International during the fourth quarter worth $515,000. Empire Life Investments Inc. lifted its position in Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company’s stock valued at $11,364,000 after purchasing an additional 9,789 shares during the period. BXM Wealth LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $202,000. Finally, WASHINGTON TRUST Co lifted its holdings in shares of Philip Morris International by 4.0% in the 4th quarter. WASHINGTON TRUST Co now owns 7,479 shares of the company’s stock valued at $900,000 after buying an additional 285 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 1.0 %

PM stock opened at $150.60 on Friday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $151.22. The business has a fifty day moving average of $127.07 and a two-hundred day moving average of $124.89. The stock has a market cap of $234.16 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 net margin of 9.24% and a negative return on equity of 120.08%. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analyst Weigh In

Several research firms have commented on PM. Stifel Nicolaus upped their price objective 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. Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group increased their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.56.

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.