Philip Morris International Inc. (NYSE:PM) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 120,279 shares of the company's stock after selling 9,468 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Philip Morris International were worth $14,476,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PM. Quarry LP lifted its position in shares of Philip Morris International by 89.1% during the fourth quarter. Quarry LP now owns 3,305 shares of the company's stock worth $398,000 after purchasing an additional 1,557 shares during the last quarter. Whalerock Point Partners LLC lifted its holdings in Philip Morris International by 1.8% during the 4th quarter. Whalerock Point Partners LLC now owns 11,066 shares of the company's stock valued at $1,332,000 after buying an additional 200 shares in the last quarter. Berger Financial Group Inc boosted its position in Philip Morris International by 53.7% in the 4th quarter. Berger Financial Group Inc now owns 5,000 shares of the company's stock valued at $602,000 after buying an additional 1,746 shares during the period. Prosperity Consulting Group LLC grew its stake in Philip Morris International by 2.5% in the 4th quarter. Prosperity Consulting Group LLC now owns 21,303 shares of the company's stock worth $2,564,000 after acquiring an additional 511 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its stake in Philip Morris International by 4.9% in the 4th quarter. Aquatic Capital Management LLC now owns 136,218 shares of the company's stock worth $16,394,000 after acquiring an additional 6,418 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's 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 completion of the transaction, the vice president now 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 legal filing with the SEC, which is available at this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business'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. The trade was a 6.75 % 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 worth $19,655,585 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Up 0.5 %

Shares of Philip Morris International stock traded up $0.81 on Friday, reaching $170.86. The stock had a trading volume of 4,450,592 shares, compared to its average volume of 5,557,720. The stock has a market capitalization of $265.95 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.65 and a beta of 0.50. The company has a 50 day moving average price of $157.17 and a 200 day moving average price of $139.44. Philip Morris International Inc. has a 1 year low of $96.65 and a 1 year high of $172.03.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 earnings per share. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.16%. Philip Morris International's payout ratio is 111.34%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PM. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Morgan Stanley restated an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their target price for the company from $130.00 to $170.00 in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $166.33.

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.