Nwam LLC Has $538,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Nwam LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,469 shares of the company’s stock after selling 232 shares during the quarter. Nwam LLC’s holdings in Philip Morris International were worth $538,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $270,000. NewEdge Wealth LLC lifted its stake in shares of Philip Morris International by 0.9% in the 4th quarter. NewEdge Wealth LLC now owns 59,709 shares of the company’s stock valued at $7,186,000 after purchasing an additional 559 shares during the period. Magnolia Private Wealth LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $246,000. National Pension Service lifted its stake in shares of Philip Morris International by 17.5% in the 4th quarter. National Pension Service now owns 3,579,451 shares of the company’s stock valued at $430,787,000 after purchasing an additional 533,845 shares during the period. Finally, Advisor OS LLC lifted its stake in shares of Philip Morris International by 6.0% in the 4th quarter. Advisor OS LLC now owns 6,107 shares of the company’s stock valued at $735,000 after purchasing an additional 345 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity

In other news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock worth $19,092,846 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Trading Up 0.8 %

PM stock opened at $155.26 on Friday. The stock has a 50-day moving average price of $132.90 and a two-hundred day moving average price of $127.74. The stock has a market cap of $241.41 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $158.39.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PM. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays raised their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $144.56.

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.