Hayek Kallen Investment Management Sells 254 Shares of Philip Morris International Inc. (NYSE:PM)

Hayek Kallen Investment Management lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,436 shares of the company’s stock after selling 254 shares during the period. Philip Morris International makes up approximately 1.2% of Hayek Kallen Investment Management’s holdings, making the stock its 26th largest holding. Hayek Kallen Investment Management’s holdings in Philip Morris International were worth $3,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewSquare Capital LLC raised its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at $36,000. Sierra Ocean LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $37,000. Finally, Transce3nd LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $41,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $170.26 on Friday. The company’s 50 day moving average price is $155.09 and its 200-day moving average price is $137.22. Philip Morris International Inc. has a 52-week low of $94.42 and a 52-week high of $171.63. The stock has a market capitalization of $265.01 billion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s payout ratio is 111.34%.

Insiders Place Their Bets

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PM shares. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Barclays increased their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.44.

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.