Level Four Advisory Services LLC Has $1.81 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Level Four Advisory Services LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,037 shares of the company’s stock after selling 853 shares during the period. Level Four Advisory Services LLC’s holdings in Philip Morris International were worth $1,810,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC lifted its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the period. Dunhill Financial LLC lifted its stake in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the 4th quarter valued at approximately $36,000. Finally, Sierra Ocean LLC bought a new position in Philip Morris International during the 4th quarter worth approximately $37,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of several recent analyst reports. 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. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Trading Up 0.1 %

NYSE PM opened at $155.17 on Friday. The company has a market cap of $241.27 billion, a P/E ratio of 34.41, a PEG ratio of 2.65 and a beta of 0.53. The company has a fifty day simple moving average of $145.83 and a 200 day simple moving average of $132.14. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month 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%. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Insider Activity at Philip Morris International

In related news, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 over the last 90 days. Insiders own 0.13% of the company’s stock.

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.