Philip Morris International Inc. (NYSE:PM) Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 2.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,363 shares of the company’s stock after selling 175 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV increased its stake in shares of Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after purchasing an additional 78 shares during the period. Intergy Private Wealth LLC grew its holdings in Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after buying an additional 80 shares during the last quarter. BKM Wealth Management LLC grew its holdings in Philip Morris International by 3.4% in the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after buying an additional 81 shares during the last quarter. 49 Wealth Management LLC increased its position in Philip Morris International by 3.6% in the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after buying an additional 84 shares during the period. Finally, Woodmont Investment Counsel LLC lifted its holdings in shares of Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group boosted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Stifel Nicolaus increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Trading Up 1.9 %

NYSE PM opened at $154.39 on Monday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $154.64. The company has a market capitalization of $240.05 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.65 and a beta of 0.55. The stock’s 50 day moving average is $129.81 and its two-hundred day moving average is $126.52.

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

Philip Morris International Dividend Announcement

The company 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. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.50%. Philip Morris International’s dividend payout ratio is 119.73%.

Insider Transactions at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This trade represents a 6.75 % 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 valued at $19,092,846. Corporate insiders own 0.13% of the company’s stock.

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.