KLCM Advisors Inc. Trims Stock Position in Philip Morris International Inc. (NYSE:PM)

KLCM Advisors Inc. cut its position in Philip Morris International Inc. (NYSE:PM) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,772 shares of the company’s stock after selling 2,152 shares during the quarter. KLCM Advisors Inc.’s holdings in Philip Morris International were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its position in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC raised its holdings in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International during the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth about $37,000. Finally, Concord Wealth Partners increased its position in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Up 1.0 %

NYSE:PM opened at $150.60 on Monday. The firm has a market capitalization of $234.16 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $151.22. The company has a fifty day moving average of $127.47 and a 200 day moving average of $125.21.

Philip Morris International (NYSE:PM) last posted 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 9.24% and a negative return on equity of 120.08%. As a group, analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Analysts Set New Price Targets

PM has been the subject of a number of research reports. Barclays cut their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Stifel Nicolaus upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.56.

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.