Summit Trail Advisors LLC Trims Holdings in Philip Morris International Inc. (NYSE:PM)

Summit Trail Advisors LLC reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,264 shares of the company’s stock after selling 2,104 shares during the quarter. Summit Trail Advisors LLC’s holdings in Philip Morris International were worth $1,170,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Philip Morris International during the third quarter valued at $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $39,000. McClarren Financial Advisors Inc. increased its position in Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after buying an additional 278 shares in the last quarter. Finally, Activest Wealth Management raised its stake in Philip Morris International by 1,685.7% during the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock valued at $47,000 after buying an additional 472 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PM shares. Stifel Nicolaus raised their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Hold” and an average target price of $105.50.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,250 shares of company stock valued at $3,339,528. Company insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 0.1 %

NYSE:PM traded up $0.05 on Monday, hitting $97.45. The stock had a trading volume of 3,895,061 shares, compared to its average volume of 5,744,928. The business’s 50-day simple moving average is $92.47 and its two-hundred day simple moving average is $92.30. The stock has a market cap of $151.49 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.70.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the business posted $1.38 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.34%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.