Huntington National Bank Sells 1,119 Shares of Philip Morris International Inc. (NYSE:PM)

Huntington National Bank cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,960 shares of the company’s stock after selling 1,119 shares during the quarter. Huntington National Bank’s holdings in Philip Morris International were worth $19,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Dunhill Financial LLC increased its position in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $33,000. Knuff & Co LLC bought a new stake in Philip Morris International in the 4th quarter worth approximately $36,000. Finally, Sierra Ocean LLC purchased a new stake in Philip Morris International in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PM. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group increased their target price 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, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.56.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares in the company, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 0.4 %

Shares of Philip Morris International stock opened at $158.08 on Wednesday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The company has a market cap of $245.79 billion, a P/E ratio of 35.05, a PEG ratio of 2.65 and a beta of 0.53. The company’s fifty day simple moving average is $147.25 and its two-hundred day simple moving average is $132.66.

Philip Morris International (NYSE:PM) last announced its 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%. Analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 dividend yield of 3.42%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

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.