Philip Morris International Inc. (NYSE:PM) Shares Sold by Halpern Financial Inc.

Halpern Financial Inc. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 37.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219 shares of the company’s stock after selling 131 shares during the quarter. Halpern Financial Inc.’s holdings in Philip Morris International were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CIBC Private Wealth Group LLC increased its holdings in Philip Morris International by 3.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 55,501 shares of the company’s stock valued at $5,221,000 after buying an additional 1,844 shares during the last quarter. Pinebridge Investments L.P. grew its position in shares of Philip Morris International by 99.5% in the 4th quarter. Pinebridge Investments L.P. now owns 54,063 shares of the company’s stock worth $5,087,000 after acquiring an additional 26,960 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in shares of Philip Morris International by 15.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 10,263 shares of the company’s stock valued at $966,000 after acquiring an additional 1,343 shares during the last quarter. Stephens Inc. AR raised its position in shares of Philip Morris International by 1.6% during the 4th quarter. Stephens Inc. AR now owns 51,420 shares of the company’s stock valued at $4,838,000 after acquiring an additional 809 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC lifted its stake in Philip Morris International by 3.3% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 6,342 shares of the company’s stock worth $597,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of several recent research reports. Barclays boosted their target price on shares of Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Bank of America upped their target price on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.45.

Philip Morris International Trading Up 0.6 %

PM traded up $0.72 on Friday, reaching $119.10. The company had a trading volume of 4,124,746 shares, compared to its average volume of 5,405,261. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $128.22. The company has a market capitalization of $185.15 billion, a P/E ratio of 23.26, a PEG ratio of 2.37 and a beta of 0.55. The company has a fifty day moving average of $120.48 and a 200-day moving average of $106.45.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $1.60 earnings per share. Research analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.53%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, September 26th. Philip Morris International’s payout ratio is presently 105.47%.

Insider Transactions at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Philip Morris International 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.