VeraBank N.A. Trims Position in Philip Morris International Inc. (NYSE:PM)

VeraBank N.A. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,123 shares of the company’s stock after selling 261 shares during the quarter. VeraBank N.A.’s holdings in Philip Morris International were worth $737,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. increased its holdings in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC grew its position in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International in the 4th quarter valued at $33,000. Concord Wealth Partners raised its position in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares during the last quarter. Finally, Asset Dedication LLC lifted its stake in shares of Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.0 %

Shares of PM stock opened at $150.60 on Friday. The stock has a market cap of $234.16 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $151.22. The business has a fifty day simple moving average of $127.47 and a 200-day simple moving average of $125.14.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is currently 119.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PM. UBS Group boosted their price target on shares of 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 increased 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. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $139.56.

Insider Buying and Selling at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

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.