Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $640,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its stake in Philip Morris International Inc. (NYSE:PM) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,317 shares of the company’s stock after selling 318 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Philip Morris International were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC increased its stake in shares of Philip Morris International by 69.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 20,884 shares of the company’s stock valued at $2,542,000 after buying an additional 8,535 shares during the period. Callan Family Office LLC grew its stake in Philip Morris International by 545.8% during the fourth quarter. Callan Family Office LLC now owns 30,163 shares of the company’s stock worth $3,630,000 after purchasing an additional 25,492 shares during the period. Hartford Funds Management Co LLC grew its stake in Philip Morris International by 4.2% during the fourth quarter. Hartford Funds Management Co LLC now owns 10,386 shares of the company’s stock worth $1,250,000 after purchasing an additional 415 shares during the period. Welch & Forbes LLC grew its stake in Philip Morris International by 5.7% during the fourth quarter. Welch & Forbes LLC now owns 21,861 shares of the company’s stock worth $2,631,000 after purchasing an additional 1,174 shares during the period. Finally, E Fund Management Co. Ltd. grew its stake in Philip Morris International by 62.1% during the fourth quarter. E Fund Management Co. Ltd. now owns 16,882 shares of the company’s stock worth $2,032,000 after purchasing an additional 6,467 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PM. UBS Group raised 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. Stifel Nicolaus raised their target price 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. JPMorgan Chase & Co. raised their target price 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. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Down 1.6 %

Shares of NYSE:PM opened at $151.05 on Friday. The stock has a market cap of $234.87 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The business’s 50 day moving average is $136.06 and its 200 day moving average is $129.00.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.57%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Insider Buying and Selling

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was 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 approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

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.