Freestone Capital Holdings LLC Has $5.22 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Freestone Capital Holdings LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,333 shares of the company’s stock after buying an additional 438 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Philip Morris International were worth $5,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PM. Robeco Institutional Asset Management B.V. lifted its position in shares of Philip Morris International by 133.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 69,206 shares of the company’s stock worth $8,402,000 after buying an additional 39,574 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Philip Morris International by 51.9% in the third quarter. Pittenger & Anderson Inc. now owns 10,250 shares of the company’s stock worth $1,244,000 after buying an additional 3,500 shares during the last quarter. JFG Wealth Management LLC lifted its position in shares of Philip Morris International by 11.5% in the third quarter. JFG Wealth Management LLC now owns 2,245 shares of the company’s stock worth $273,000 after buying an additional 232 shares during the last quarter. HF Advisory Group LLC increased its stake in shares of Philip Morris International by 5.2% in the third quarter. HF Advisory Group LLC now owns 14,437 shares of the company’s stock worth $1,753,000 after purchasing an additional 710 shares during the period. Finally, Balentine LLC increased its stake in shares of Philip Morris International by 52.3% in the third quarter. Balentine LLC now owns 17,018 shares of the company’s stock worth $2,066,000 after purchasing an additional 5,847 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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 note on Friday, February 7th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Down 0.5 %

Shares of PM opened at $153.22 on Thursday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The firm has a market capitalization of $238.23 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.65 and a beta of 0.53. The stock’s 50-day moving average price is $134.82 and its 200 day moving average price is $128.60.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating 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%. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Insider Buying and Selling at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares of the company’s stock, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 directly owns 20,799 shares in the company, valued at $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 ninety days, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.13% of the stock is currently owned by corporate insiders.

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.