Philip Morris International Inc. (NYSE:PM) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 26.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,228 shares of the company’s stock after selling 11,566 shares during the period. Diversify Advisory Services LLC’s holdings in Philip Morris International were worth $3,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PM. Diversify Wealth Management LLC raised its holdings in shares of Philip Morris International by 45.5% in the 4th quarter. Diversify Wealth Management LLC now owns 31,256 shares of the company’s stock worth $3,662,000 after purchasing an additional 9,776 shares in the last quarter. LVW Advisors LLC grew its position in Philip Morris International by 55.8% in the fourth quarter. LVW Advisors LLC now owns 8,691 shares of the company’s stock worth $1,046,000 after buying an additional 3,112 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of Philip Morris International by 77.0% in the fourth quarter. Annex Advisory Services LLC now owns 23,681 shares of the company’s stock valued at $2,850,000 after buying an additional 10,301 shares in the last quarter. Client 1ST Advisory Group LLC acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $283,000. Finally, Kelly Financial Services LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $220,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International 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 transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Up 1.7 %

PM opened at $121.88 on Monday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The stock has a fifty day moving average price of $125.50 and a 200 day moving average price of $121.33. The stock has a market cap of $189.51 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday. They issued an “overweight” rating and a $140.00 target price for the company. Barclays cut their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

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.