Washington Trust Advisors Inc. Has $639,000 Position in Philip Morris International Inc. (NYSE:PM)

Washington Trust Advisors Inc. lowered its position in Philip Morris International Inc. (NYSE:PM) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,310 shares of the company’s stock after selling 308 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Philip Morris International were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the transaction, the chief financial officer now owns 139,105 shares in the company, valued at approximately $20,705,779.25. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,143 shares of company stock worth $19,092,846. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays raised their price objective 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, February 26th. Finally, StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Down 0.5 %

Shares of PM opened at $153.22 on Thursday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The business’s fifty day moving average is $134.82 and its 200 day moving average is $128.60. The stock has a market cap of $238.23 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

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

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.