Lockerman Financial Group Inc. Lowers Stock Position in Philip Morris International Inc. (NYSE:PM)

Lockerman Financial Group Inc. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,852 shares of the company’s stock after selling 163 shares during the quarter. Lockerman Financial Group Inc.’s holdings in Philip Morris International were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. lifted its holdings in shares of Philip Morris International by 1.1% in the 1st quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after buying an additional 281 shares during the period. American Century Companies Inc. increased its holdings in shares of Philip Morris International by 35.6% during the 1st quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock valued at $463,000 after purchasing an additional 1,296 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Philip Morris International by 24.7% in the 1st quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after purchasing an additional 608 shares during the period. Covestor Ltd boosted its holdings in Philip Morris International by 54.9% during the first quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after buying an additional 186 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in Philip Morris International by 14.7% during the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after buying an additional 1,154 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Transactions at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock worth $1,411,128 in the last quarter. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of analyst reports. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $105.40.

Philip Morris International Trading Down 0.7 %

PM opened at $91.59 on Friday. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $101.92. The firm has a market capitalization of $142.19 billion, a PE ratio of 18.25, a PEG ratio of 2.08 and a beta of 0.61. The firm’s 50-day moving average price is $91.53 and its 200 day moving average price is $92.47.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.39 earnings per share. As a group, analysts predict that Philip Morris International Inc. will post 6.39 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

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.