Belpointe Asset Management LLC Sells 280 Shares of Philip Morris International Inc. (NYSE:PM)

Belpointe Asset Management LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,890 shares of the company’s stock after selling 280 shares during the quarter. Belpointe Asset Management LLC’s holdings in Philip Morris International were worth $1,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Range Financial Group LLC lifted its position in shares of Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after buying an additional 19,127 shares during the last quarter. Park Avenue Securities LLC raised its stake in Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after acquiring an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after acquiring an additional 6,605 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock valued at $6,485,000 after purchasing an additional 18,183 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Philip Morris International by 6.4% during the 4th quarter. Czech National Bank now owns 337,119 shares of the company’s stock valued at $40,572,000 after purchasing an additional 20,390 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 2.4 %

Philip Morris International stock opened at $157.52 on Tuesday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $163.08. The company’s 50 day moving average price is $152.56 and its two-hundred day moving average price is $134.99. The stock has a market cap of $245.18 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.43%. Philip Morris International’s dividend payout ratio is 119.73%.

Insider Buying and Selling at Philip Morris International

In other 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 value of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock valued at $19,655,585 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PM. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. 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. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. 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 stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $145.44.

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.