Founders Financial Alliance LLC Has $2.56 Million Stake in Philip Morris International Inc. (NYSE:PM)

Founders Financial Alliance LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,229 shares of the company’s stock after selling 81 shares during the quarter. Founders Financial Alliance LLC’s holdings in Philip Morris International were worth $2,555,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PM. Cornerstone Advisors LLC lifted its stake in shares of Philip Morris International by 1.4% in the 4th quarter. Cornerstone Advisors LLC now owns 88,600 shares of the company’s stock valued at $10,663,000 after acquiring an additional 1,200 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in Philip Morris International by 22.6% in the 4th quarter. Citizens Financial Group Inc. RI now owns 15,592 shares of the company’s stock worth $1,877,000 after purchasing an additional 2,870 shares in the last quarter. Sage Mountain Advisors LLC raised its position in Philip Morris International by 9.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 7,245 shares of the company’s stock valued at $872,000 after purchasing an additional 650 shares during the last quarter. Net Worth Advisory Group boosted its stake in shares of Philip Morris International by 1.2% during the fourth quarter. Net Worth Advisory Group now owns 6,625 shares of the company’s stock valued at $797,000 after purchasing an additional 79 shares in the last quarter. Finally, Davis R M Inc. grew its holdings in shares of Philip Morris International by 19.4% during the fourth quarter. Davis R M Inc. now owns 6,575 shares of the company’s stock worth $791,000 after purchasing an additional 1,068 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Philip Morris International Trading Down 0.5 %

Shares of PM opened at $150.14 on Tuesday. The firm’s fifty day simple moving average is $136.66 and its two-hundred day simple moving average is $129.35. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51. The stock has a market capitalization of $233.44 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.