Oppenheimer Asset Management Inc. Has $30.11 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Oppenheimer Asset Management Inc. cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,145 shares of the company’s stock after selling 2,942 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Philip Morris International were worth $30,105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. bought a new position in shares of Philip Morris International in the 3rd quarter valued at about $686,000. Gateway Wealth Partners LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth about $264,000. Valmark Advisers Inc. grew its stake in shares of Philip Morris International by 7.5% in the third quarter. Valmark Advisers Inc. now owns 3,782 shares of the company’s stock valued at $459,000 after buying an additional 265 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Philip Morris International by 1.6% in the third quarter. Fidelis Capital Partners LLC now owns 9,199 shares of the company’s stock valued at $1,209,000 after buying an additional 144 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its holdings in Philip Morris International by 2.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 16,947 shares of the company’s stock valued at $2,057,000 after acquiring an additional 325 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Activity

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred 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 owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,143 shares of company stock valued at $19,092,846. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PM shares. Barclays boosted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. Stifel Nicolaus upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Price Performance

Shares of NYSE PM opened at $154.47 on Thursday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $158.39. The stock has a market capitalization of $240.18 billion, a P/E ratio of 34.25, a PEG ratio of 2.65 and a beta of 0.55. The business’s 50 day moving average is $131.64 and its two-hundred day moving average is $127.29.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities research analysts anticipate 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 was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 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.