TD Private Client Wealth LLC Sells 4,256 Shares of Philip Morris International Inc. (NYSE:PM)

TD Private Client Wealth LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 112,160 shares of the company’s stock after selling 4,256 shares during the quarter. TD Private Client Wealth LLC’s holdings in Philip Morris International were worth $13,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc grew its stake in shares of Philip Morris International by 15.3% in the third quarter. Prospera Financial Services Inc now owns 16,649 shares of the company’s stock valued at $2,022,000 after buying an additional 2,210 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Philip Morris International in the third quarter valued at $2,791,000. Segall Bryant & Hamill LLC bought a new position in shares of Philip Morris International in the 3rd quarter valued at about $3,783,000. Commerce Bank increased its stake in shares of Philip Morris International by 0.7% during the 3rd quarter. Commerce Bank now owns 195,900 shares of the company’s stock worth $23,782,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Hilton Capital Management LLC increased its stake in shares of Philip Morris International by 68.9% during the 3rd quarter. Hilton Capital Management LLC now owns 5,126 shares of the company’s stock worth $622,000 after purchasing an additional 2,091 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PM shares. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. Stifel Nicolaus lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. 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. UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Finally, Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the 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 sale, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

PM opened at $152.12 on Friday. The stock has a fifty day moving average of $141.69 and a 200-day moving average of $130.95. The company has a market capitalization of $236.53 billion, a P/E ratio of 33.73, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.