Flynn Zito Capital Management LLC Sells 374 Shares of Philip Morris International Inc. (NYSE:PM)

Flynn Zito Capital Management LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 16.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,849 shares of the company’s stock after selling 374 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Philip Morris International were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PM. Investment Advisory Services Inc. TX ADV increased its position in shares of Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after purchasing an additional 78 shares during the last quarter. Intergy Private Wealth LLC grew its position in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after buying an additional 80 shares during the period. BKM Wealth Management LLC increased its holdings in Philip Morris International by 3.4% during the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after buying an additional 81 shares during the last quarter. Wealthstream Advisors Inc. raised its position in Philip Morris International by 3.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock worth $297,000 after acquiring an additional 82 shares during the period. Finally, 49 Wealth Management LLC boosted its stake in Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $154.47 on Thursday. The company has a market capitalization of $240.18 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $158.39. The business’s fifty day moving average is $131.64 and its 200 day moving average is $127.29.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.50%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred 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 in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock valued at $19,092,846 over the last 90 days. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on PM. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Barclays increased their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, UBS Group boosted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Company 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.