Flynn Zito Capital Management LLC Sells 374 Shares of Philip Morris International Inc. (NYSE:PM)

Flynn Zito Capital Management LLC reduced its stake in Philip Morris International Inc. (NYSE:PM) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,849 shares of the company’s stock after selling 374 shares during the period. Flynn Zito Capital Management LLC’s holdings in Philip Morris International were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. Valley Wealth Managers Inc. raised its stake in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the last quarter. Dunhill Financial LLC increased its holdings in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new position in Philip Morris International during the 4th quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new stake in Philip Morris International in the 4th quarter worth approximately $37,000. Finally, Asset Dedication LLC grew its position in shares of Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after buying an additional 147 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares in the company, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,143 shares of company stock worth $19,092,846. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on PM. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. UBS Group raised their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Barclays raised their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. 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. raised their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Performance

Shares of PM stock opened at $154.47 on Thursday. The company has a market capitalization of $240.18 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $158.39. The company’s 50-day moving average is $131.64 and its 200 day moving average is $127.29.

Philip Morris International (NYSE:PM) last announced 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%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.50%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.