Capital Investment Counsel Inc Lowers Stock Position in Philip Morris International Inc. (NYSE:PM)

Capital Investment Counsel Inc cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,190 shares of the company’s stock after selling 227 shares during the quarter. Capital Investment Counsel Inc’s holdings in Philip Morris International were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of recent research reports. Barclays dropped their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

Philip Morris International Stock Up 1.3 %

Shares of PM opened at $151.68 on Friday. The stock has a market capitalization of $235.84 billion, a P/E ratio of 33.63, a PEG ratio of 2.62 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $152.53. The firm has a fifty day simple moving average of $129.26 and a two-hundred day simple moving average of $126.08.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating 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%. Sell-side analysts expect that Philip Morris International Inc. will post 7.13 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Philip Morris International 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.