Pinnacle Wealth Planning Services Inc. Sells 2,079 Shares of Philip Morris International Inc. (NYSE:PM)

Pinnacle Wealth Planning Services Inc. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,594 shares of the company's stock after selling 2,079 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Philip Morris International were worth $914,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PM. NewSquare Capital LLC increased its holdings in shares of 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 buying an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International in the 4th quarter worth about $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International in the fourth quarter valued at approximately $36,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International during the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

PM traded up $2.87 during midday trading on Friday, reaching $180.74. 8,503,357 shares of the company were exchanged, compared to its average volume of 5,627,429. The stock has a market capitalization of $281.32 billion, a P/E ratio of 40.08, a PEG ratio of 2.65 and a beta of 0.50. The stock's 50-day simple moving average is $164.70 and its 200 day simple moving average is $145.23. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $181.29.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is presently 111.34%.

Insider Buying and Selling

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Needham & Company LLC started coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $169.20.

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.