Oppenheimer & Co. Inc. Sells 2,845 Shares of Philip Morris International Inc. (NYSE:PM)

Oppenheimer & Co. Inc. decreased its position in Philip Morris International Inc. (NYSE:PM) by 3.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 82,469 shares of the company’s stock after selling 2,845 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Philip Morris International were worth $9,925,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its position in Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Philip Morris International by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock valued at $1,934,083,000 after buying an additional 2,785,987 shares during the period. National Bank of Canada FI boosted its stake in Philip Morris International by 161.6% in the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock valued at $235,936,000 after acquiring an additional 1,200,636 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Philip Morris International by 14,611.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock worth $142,467,000 after acquiring an additional 1,165,554 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $153.95 on Friday. The firm’s 50 day moving average price is $132.28 and its two-hundred day moving average price is $127.47. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $158.39. The firm has a market cap of $239.37 billion, a P/E ratio of 34.14, a PEG ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PM shares. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Barclays upped their price target on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the sale, the insider now directly owns 106,244 shares in the company, valued at $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,143 shares of company stock worth $19,092,846. Corporate insiders own 0.14% of the company’s stock.

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.