Adalta Capital Management LLC Sells 250 Shares of Philip Morris International Inc. (NYSE:PM)

Adalta Capital Management LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,740 shares of the company’s stock after selling 250 shares during the period. Adalta Capital Management LLC’s holdings in Philip Morris International were worth $455,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Philip Morris International by 23.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company’s stock worth $6,828,000 after acquiring an additional 10,703 shares during the period. Empire Life Investments Inc. boosted its holdings in Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company’s stock valued at $11,364,000 after acquiring an additional 9,789 shares during the period. Game Plan Financial Advisors LLC grew its position in shares of Philip Morris International by 80.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company’s stock valued at $922,000 after purchasing an additional 3,425 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Finally, Symmetry Investments LP acquired a new position in shares of Philip Morris International during the 4th quarter worth about $1,966,000. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PM. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Citigroup boosted their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price 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. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Insider Activity

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,822 shares of company stock worth $18,906,185. Insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $174.10 on Wednesday. The firm has a market capitalization of $270.99 billion, a P/E ratio of 38.60, a P/E/G ratio of 2.65 and a beta of 0.50. The stock has a fifty day moving average price of $161.26 and a two-hundred day moving average price of $142.92. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $176.49.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 111.34%.

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.