Pinnacle Wealth Planning Services Inc. Sells 2,079 Shares of Philip Morris International Inc. (NYSE:PM)

Pinnacle Wealth Planning Services Inc. lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 21.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,594 shares of the company’s stock after selling 2,079 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Philip Morris International were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PM. Robeco Institutional Asset Management B.V. lifted its position in shares of Philip Morris International by 133.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 69,206 shares of the company’s stock worth $8,402,000 after buying an additional 39,574 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Philip Morris International by 51.9% during the 3rd quarter. Pittenger & Anderson Inc. now owns 10,250 shares of the company’s stock worth $1,244,000 after purchasing an additional 3,500 shares during the last quarter. JFG Wealth Management LLC increased its stake in shares of Philip Morris International by 11.5% during the 3rd quarter. JFG Wealth Management LLC now owns 2,245 shares of the company’s stock worth $273,000 after purchasing an additional 232 shares during the last quarter. HF Advisory Group LLC increased its stake in shares of Philip Morris International by 5.2% during the 3rd quarter. HF Advisory Group LLC now owns 14,437 shares of the company’s stock worth $1,753,000 after purchasing an additional 710 shares during the last quarter. Finally, Balentine LLC increased its stake in shares of Philip Morris International by 52.3% during the 3rd quarter. Balentine LLC now owns 17,018 shares of the company’s stock worth $2,066,000 after purchasing an additional 5,847 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity

In other news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at $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. Insiders sold 128,143 shares of company stock worth $19,092,846 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 0.5 %

Philip Morris International stock opened at $153.22 on Thursday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The firm has a market capitalization of $238.23 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.65 and a beta of 0.53. The firm has a 50 day simple moving average of $134.82 and a 200 day simple moving average of $128.60.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.52%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group raised their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised 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. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $144.56.

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.