Pin Oak Investment Advisors Inc. Sells 500 Shares of Philip Morris International Inc. (NYSE:PM)

Pin Oak Investment Advisors Inc. lowered its position in Philip Morris International Inc. (NYSE:PM) by 29.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,175 shares of the company’s stock after selling 500 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Philip Morris International were worth $142,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. White Lighthouse Investment Management Inc. increased its position in shares of Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after purchasing an additional 4,999 shares during the last quarter. Accredited Investors Inc. increased its holdings in Philip Morris International by 3,553.3% during the third quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after buying an additional 201,294 shares during the last quarter. Kennebec Savings Bank bought a new position in Philip Morris International in the third quarter worth approximately $692,000. Swiss National Bank boosted its stake in shares of Philip Morris International by 0.4% during the 3rd quarter. Swiss National Bank now owns 4,614,200 shares of the company’s stock worth $560,164,000 after acquiring an additional 17,700 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its position in shares of Philip Morris International by 68.8% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 38,344 shares of the company’s stock valued at $4,655,000 after acquiring an additional 15,630 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $131.82 on Thursday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The business’s 50 day moving average is $125.26 and its two-hundred day moving average is $115.42. The stock has a market capitalization of $204.96 billion, a P/E ratio of 20.92, a PEG ratio of 2.29 and a beta of 0.54.

Philip Morris International (NYSE:PM) last released its earnings results 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 the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, September 26th. This represents a $5.40 annualized dividend and a yield of 4.10%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PM. Citigroup raised their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America lifted their price objective on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Barclays increased their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was 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 owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.