Weinberger Asset Management Inc Sells 904 Shares of Philip Morris International Inc. (NYSE:PM)

Weinberger Asset Management Inc lessened its stake in Philip Morris International Inc. (NYSE:PM) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 128,986 shares of the company’s stock after selling 904 shares during the quarter. Philip Morris International accounts for about 6.5% of Weinberger Asset Management Inc’s portfolio, making the stock its 3rd largest holding. Weinberger Asset Management Inc’s holdings in Philip Morris International were worth $15,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Investment Advisory Services Inc. TX ADV boosted its holdings 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 valued at $302,000 after acquiring an additional 78 shares during the period. Intergy Private Wealth LLC boosted its stake in Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after purchasing an additional 80 shares during the period. BKM Wealth Management LLC grew its position in Philip Morris International by 3.4% during the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after purchasing an additional 81 shares during the last quarter. Wealthstream Advisors Inc. increased its stake in Philip Morris International by 3.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock valued at $297,000 after purchasing an additional 82 shares during the period. Finally, 49 Wealth Management LLC raised its holdings in shares of Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now owns 106,244 shares in the company, valued at $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock worth $19,092,846 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Trading Up 1.1 %

Shares of NYSE PM opened at $156.13 on Tuesday. The company has a market capitalization of $242.76 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The business has a 50 day simple moving average of $130.42 and a 200-day simple moving average of $126.81. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $156.63.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is currently 119.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PM. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Stifel Nicolaus boosted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Finally, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

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.