Western Wealth Management LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,513 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mutual Advisors LLC raised its position in shares of Philip Morris International by 5.5% in the fourth quarter. Mutual Advisors LLC now owns 15,647 shares of the company’s stock valued at $1,045,000 after purchasing an additional 812 shares during the period. National Pension Service raised its position in shares of Philip Morris International by 6.0% in the fourth quarter. National Pension Service now owns 1,417,368 shares of the company’s stock valued at $116,012,000 after purchasing an additional 79,749 shares during the period. Capital Financial Planning LLC bought a new position in Philip Morris International during the fourth quarter worth $74,000. Colony Group LLC increased its position in Philip Morris International by 12.1% during the fourth quarter. Colony Group LLC now owns 5,677 shares of the company’s stock worth $379,000 after acquiring an additional 611 shares during the period. Finally, Covington Capital Management increased its position in Philip Morris International by 2.4% during the fourth quarter. Covington Capital Management now owns 29,916 shares of the company’s stock worth $1,997,000 after acquiring an additional 710 shares during the period. 73.53% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Andre Calantzopoulos sold 50,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.76, for a total value of $4,238,000.00. Following the sale, the chief executive officer now owns 844,901 shares in the company, valued at approximately $71,613,808.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

NYSE:PM opened at $85.84 on Wednesday. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $103.55. The company has a market cap of $133.55 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.86 and a beta of 0.95.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 7th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.16 by $0.09. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.46 billion. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 5.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 26th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.

A number of equities research analysts have weighed in on PM shares. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Bank of America reiterated a “sell” rating and set a $74.00 price target on shares of Philip Morris International in a research note on Tuesday, March 26th. Citigroup lifted their price target on shares of Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Piper Jaffray Companies set a $100.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, February 8th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $91.43.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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