Blue Chip Partners LLC Has $15.82 Million Position in Philip Morris International Inc. (NYSE:PM)

Blue Chip Partners LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,174 shares of the company’s stock after selling 1,569 shares during the period. Philip Morris International comprises about 1.7% of Blue Chip Partners LLC’s investment portfolio, making the stock its 27th largest holding. Blue Chip Partners LLC’s holdings in Philip Morris International were worth $15,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PM. Headlands Technologies LLC bought a new stake in Philip Morris International during the third quarter worth about $27,000. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International during the fourth quarter worth about $33,000. Legacy Financial Group LLC bought a new stake in Philip Morris International during the third quarter worth about $37,000. Wetzel Investment Advisors Inc. bought a new stake in Philip Morris International during the fourth quarter worth about $39,000. Finally, McClarren Financial Advisors Inc. raised its holdings in Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after acquiring an additional 278 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock worth $3,339,528 in the last three months. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 1.1 %

Shares of PM stock traded down $1.07 during trading hours on Friday, reaching $95.02. The company’s stock had a trading volume of 5,391,012 shares, compared to its average volume of 6,541,754. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.79. The company has a market capitalization of $147.71 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.01 and a beta of 0.61. The firm’s 50 day simple moving average is $91.90 and its 200-day simple moving average is $92.18.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. Philip Morris International’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. Sell-side analysts predict that Philip Morris International Inc. will post 6.3 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.47%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $105.50.

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.