Pinnacle Financial Partners Inc Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Pinnacle Financial Partners Inc boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,621 shares of the company’s stock after buying an additional 1,001 shares during the period. Pinnacle Financial Partners Inc’s holdings in Philip Morris International were worth $17,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Callan Capital LLC boosted its holdings in Philip Morris International by 6.8% in the 4th quarter. Callan Capital LLC now owns 3,854 shares of the company’s stock valued at $464,000 after purchasing an additional 246 shares during the period. Navellier & Associates Inc. boosted its holdings in Philip Morris International by 63.7% in the 4th quarter. Navellier & Associates Inc. now owns 5,335 shares of the company’s stock valued at $642,000 after purchasing an additional 2,075 shares during the period. Drum Hill Capital LLC bought a new position in Philip Morris International in the 4th quarter valued at $282,000. Cassaday & Co Wealth Management LLC boosted its holdings in Philip Morris International by 2.1% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 8,754 shares of the company’s stock valued at $1,054,000 after purchasing an additional 183 shares during the period. Finally, Compass Capital Corp MA ADV bought a new position in Philip Morris International in the 4th quarter valued at $293,000. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction that occurred on 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 sale, the chairman now owns 561,349 shares in the company, valued at $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Werner Barth sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. 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. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $154.39 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $154.64. The company’s 50-day moving average is $129.81 and its 200 day moving average is $126.36. The stock has a market capitalization of $240.05 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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%. Research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. 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 is 119.73%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PM. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, Barclays lowered their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $141.22.

Philip Morris International Company 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.