Whitener Capital Management Inc. Sells 93 Shares of Philip Morris International Inc. (NYSE:PM)

Whitener Capital Management Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,750 shares of the company’s stock after selling 93 shares during the period. Whitener Capital Management Inc.’s holdings in Philip Morris International were worth $1,173,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in PM. Merit Financial Group LLC grew its stake in Philip Morris International by 56.0% in the 4th quarter. Merit Financial Group LLC now owns 92,054 shares of the company’s stock valued at $11,079,000 after buying an additional 33,040 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Philip Morris International by 112.5% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 6,852 shares of the company’s stock worth $825,000 after buying an additional 3,627 shares during the period. Everpar Advisors LLC boosted its holdings in Philip Morris International by 4.0% in the 4th quarter. Everpar Advisors LLC now owns 4,504 shares of the company’s stock valued at $542,000 after purchasing an additional 172 shares during the period. Tompkins Financial Corp increased its holdings in shares of 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 purchasing an additional 4,910 shares during the period. Finally, Capital Planning LLC raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction on 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 directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Philip Morris International Stock Up 1.7 %

Shares of PM stock opened at $121.88 on Friday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The stock’s fifty day simple moving average is $125.59 and its 200 day simple moving average is $121.05. The firm has a market capitalization of $189.51 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.86 and a beta of 0.54.

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, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Citigroup raised their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International presently 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.