Philip Morris International Inc. (NYSE:PM) Shares Sold by Florida Financial Advisors LLC

Florida Financial Advisors LLC cut its position in Philip Morris International Inc. (NYSE:PM) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,646 shares of the company’s stock after selling 1,490 shares during the quarter. Florida Financial Advisors LLC’s holdings in Philip Morris International were worth $559,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PM. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Dunhill Financial LLC lifted its position in 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 acquiring an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at approximately $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $36,000. Finally, Sierra Ocean LLC purchased a new position in Philip Morris International in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.1 %

Shares of PM stock opened at $151.66 on Tuesday. The stock has a market cap of $235.81 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The business has a fifty day simple moving average of $143.06 and a 200-day simple moving average of $131.40.

Philip Morris International (NYSE:PM) last announced 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 net margin of 7.89% and a negative return on equity of 120.08%. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.56%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PM. Barclays raised 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 note on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $144.56.

Insider Activity

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. This represents a 6.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

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.