BOK Financial Private Wealth Inc. Sells 410 Shares of Philip Morris International Inc. (NYSE:PM)

BOK Financial Private Wealth Inc. lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 21.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,540 shares of the company’s stock after selling 410 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Philip Morris International were worth $187,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PM. Leavell Investment Management Inc. raised its stake in Philip Morris International by 2.3% during the third quarter. Leavell Investment Management Inc. now owns 10,606 shares of the company’s stock worth $1,302,000 after buying an additional 242 shares during the last quarter. Equitable Trust Co. raised its stake in Philip Morris International by 12.5% during the third quarter. Equitable Trust Co. now owns 14,174 shares of the company’s stock worth $1,721,000 after buying an additional 1,575 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Philip Morris International during the third quarter worth $2,136,000. Assetmark Inc. raised its stake in Philip Morris International by 5.7% during the third quarter. Assetmark Inc. now owns 173,597 shares of the company’s stock worth $21,075,000 after buying an additional 9,415 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in Philip Morris International by 2.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 53,174 shares of the company’s stock worth $6,455,000 after buying an additional 1,266 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Stifel Nicolaus raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays raised their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock 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 $151.05 on Monday. The stock has a market capitalization of $234.87 billion, a P/E ratio of 33.49, a P/E/G ratio of 2.65 and a beta of 0.53. The company has a 50-day moving average price of $136.06 and a 200-day moving average price of $129.14. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year 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 analysts’ consensus estimates 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 research 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Buying and Selling

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by insiders.

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.