Philip Morris International Inc. (NYSE:PM) Shares Sold by Mystic Asset Management Inc.

Mystic Asset Management Inc. decreased its position in Philip Morris International Inc. (NYSE:PM) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 13,879 shares of the company’s stock after selling 383 shares during the quarter. Mystic Asset Management Inc.’s holdings in Philip Morris International were worth $1,670,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PM. BlackDiamond Wealth Management LLC increased its holdings in Philip Morris International by 11.4% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 1,970 shares of the company’s stock valued at $237,000 after acquiring an additional 201 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $144,000. Curio Wealth LLC purchased a new stake in Philip Morris International in the 4th quarter valued at approximately $48,000. 1ST Source Bank grew its holdings in Philip Morris International by 9.0% during the 4th quarter. 1ST Source Bank now owns 2,988 shares of the company’s stock valued at $360,000 after buying an additional 246 shares during the last quarter. Finally, TCTC Holdings LLC increased its position in Philip Morris International by 0.4% during the fourth quarter. TCTC Holdings LLC now owns 180,520 shares of the company’s stock worth $21,726,000 after buying an additional 669 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 547,426 shares of the company’s stock, valued at $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last three months. 0.13% of the stock is owned by insiders.

Philip Morris International Price Performance

Shares of PM opened at $155.49 on Tuesday. The stock has a market cap of $241.76 billion, a PE ratio of 34.48, a P/E/G ratio of 2.65 and a beta of 0.53. The stock’s 50-day moving average is $139.79 and its two-hundred day moving average is $130.42. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.47%. Philip Morris International’s payout ratio is 119.73%.

Analyst Ratings Changes

Several analysts have recently issued reports on PM shares. Barclays upped their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $144.56.

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.