Councilmark Asset Management LLC Buys 129 Shares of Philip Morris International Inc. (NYSE:PM)

Councilmark Asset Management LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,829 shares of the company’s stock after acquiring an additional 129 shares during the period. Philip Morris International accounts for approximately 1.7% of Councilmark Asset Management LLC’s holdings, making the stock its 16th biggest holding. Councilmark Asset Management LLC’s holdings in Philip Morris International were worth $2,507,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PM. Drive Wealth Management LLC bought a new position in shares of Philip Morris International in the 3rd quarter valued at about $215,000. Caprock Group LLC raised its position in Philip Morris International by 8.8% in the 3rd quarter. Caprock Group LLC now owns 45,244 shares of the company’s stock worth $5,554,000 after purchasing an additional 3,669 shares during the period. Chesapeake Wealth Management raised its position in Philip Morris International by 6.1% in the 3rd quarter. Chesapeake Wealth Management now owns 4,383 shares of the company’s stock worth $532,000 after purchasing an additional 252 shares during the period. OneAscent Financial Services LLC purchased a new stake in Philip Morris International in the 3rd quarter worth about $382,000. Finally, Prospera Financial Services Inc raised its position in Philip Morris International by 15.3% in the 3rd quarter. Prospera Financial Services Inc now owns 16,649 shares of the company’s stock worth $2,022,000 after purchasing an additional 2,210 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction on 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 of the company’s stock, 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. Also, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock worth $19,655,585 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 1.2 %

Shares of PM stock opened at $153.79 on Wednesday. The firm has a market cap of $239.12 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.65 and a beta of 0.53. The company’s 50 day moving average is $140.44 and its 200 day moving average is $130.64. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-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 (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%. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.51%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PM. UBS Group increased their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus raised 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 report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

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.