Philip Morris International Inc. (NYSE:PM) Shares Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,954 shares of the company’s stock after selling 665 shares during the period. Buckhead Capital Management LLC’s holdings in Philip Morris International were worth $2,159,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in Philip Morris International during the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International during the 4th quarter worth about $33,000. Legacy Financial Group LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at about $37,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $39,000. Finally, McClarren Financial Advisors Inc. boosted its position in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Societe Generale upgraded 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. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Stifel Nicolaus upped their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.50.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $1.11 during midday trading on Wednesday, reaching $96.05. 6,462,221 shares of the company’s stock traded hands, compared to its average volume of 5,762,754. The company has a fifty day simple moving average of $92.12 and a two-hundred day simple moving average of $92.22. The company has a market cap of $149.32 billion, a P/E ratio of 18.70, a PEG ratio of 2.02 and a beta of 0.61. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.70.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.38 EPS. As a group, research analysts forecast that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is presently 101.56%.

Insider Buying and Selling

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was 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 in the company, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock worth $3,339,528 over the last 90 days. 0.14% of the stock is owned by insiders.

About Philip Morris International

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.