DORCHESTER WEALTH MANAGEMENT Co Has $8.55 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

DORCHESTER WEALTH MANAGEMENT Co reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,056 shares of the company’s stock after selling 110 shares during the period. Philip Morris International makes up approximately 1.7% of DORCHESTER WEALTH MANAGEMENT Co’s investment portfolio, making the stock its 20th biggest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Philip Morris International were worth $8,552,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PM. Valley Wealth Managers Inc. raised its position in Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC grew its stake in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International during the fourth quarter worth $33,000. Sierra Ocean LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth $37,000. Finally, Concord Wealth Partners grew its stake in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’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 approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock worth $19,092,846 over the last quarter. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research reports. UBS Group boosted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Stifel Nicolaus boosted their target price 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. Finally, Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $141.22.

Philip Morris International Stock Up 1.9 %

Shares of Philip Morris International stock opened at $154.39 on Friday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $154.64. The stock has a market cap of $240.05 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55. The company’s fifty day moving average is $129.81 and its 200 day moving average is $126.45.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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%. As a group, equities 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 issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.50%. Philip Morris International’s payout ratio is 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.