SeaCrest Wealth Management LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 28,116 shares of the company’s stock after selling 550 shares during the period. SeaCrest Wealth Management LLC’s holdings in Philip Morris International were worth $2,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Key Financial Inc acquired a new stake in Philip Morris International during the 4th quarter worth about $31,000. Jeppson Wealth Management LLC acquired a new stake in Philip Morris International during the 3rd quarter worth about $33,000. Aua Capital Management LLC acquired a new stake in Philip Morris International during the 3rd quarter worth about $34,000. Clearview Wealth Advisors LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $37,000. Finally, Newton One Investments LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 74.18% of the company’s stock.

In other news, VP Marian Salzman sold 2,000 shares of the stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $84.39, for a total value of $168,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

Philip Morris International stock traded down $0.09 during trading hours on Tuesday, reaching $86.41. 39,350 shares of the company were exchanged, compared to its average volume of 4,817,546. The firm has a market cap of $134.58 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.27 and a beta of 0.77. The stock has a 50-day moving average of $82.77 and a 200 day moving average of $79.34. Philip Morris International Inc. has a 12 month low of $56.01 and a 12 month high of $89.18.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. Philip Morris International had a negative return on equity of 78.02% and a net margin of 10.07%. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the business earned $1.22 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that Philip Morris International Inc. will post 5.13 earnings per share for the current fiscal year.

PM has been the topic of several recent analyst reports. Piper Sandler boosted their price objective on Philip Morris International from $98.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, November 18th. UBS Group downgraded Philip Morris International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $90.00 to $80.00 in a report on Monday, November 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on Philip Morris International from $100.00 to $105.00 in a report on Friday, January 8th. Stifel Nicolaus upped their target price on Philip Morris International from $90.00 to $100.00 in a report on Friday, February 5th. Finally, Sanford C. Bernstein started coverage on Philip Morris International in a report on Tuesday, January 19th. They issued a “market perform” rating and a $92.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $96.00.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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