Prudent Man Advisors LLC Sells 1,401 Shares of Philip Morris International Inc. (NYSE:PM)

Prudent Man Advisors LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,903 shares of the company’s stock after selling 1,401 shares during the quarter. Philip Morris International comprises approximately 0.7% of Prudent Man Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Prudent Man Advisors LLC’s holdings in Philip Morris International were worth $1,914,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. increased its position in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC raised its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter worth about $33,000. Sierra Ocean LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at about $37,000. Finally, Asset Dedication LLC lifted its position in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after buying an additional 147 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the sale, the insider now directly owns 106,244 shares in the company, valued at $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,143 shares of company stock worth $19,092,846. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $155.26 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $158.39. The stock has a fifty day moving average price of $132.90 and a two-hundred day moving average price of $127.74. The firm has a market cap of $241.41 billion, a P/E ratio of 34.43, a PEG ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Stifel Nicolaus lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays upped their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

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.