Cetera Advisor Networks LLC Acquires 527 Shares of Philip Morris International Inc. (NYSE:PM)

Cetera Advisor Networks LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 229,264 shares of the company’s stock after purchasing an additional 527 shares during the period. Cetera Advisor Networks LLC’s holdings in Philip Morris International were worth $21,569,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Philip Morris International during the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the 4th quarter worth $33,000. Northwest Financial Advisors acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. increased its holdings in Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,250 shares of company stock worth $3,158,148. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PM. Stifel Nicolaus raised their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a report on Tuesday, February 13th. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Trading Up 0.3 %

PM stock traded up $0.28 during midday trading on Wednesday, hitting $104.07. The stock had a trading volume of 4,557,999 shares, compared to its average volume of 5,539,911. The firm has a market cap of $161.78 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.20 and a beta of 0.57. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $104.24. The business has a fifty day moving average price of $96.15 and a two-hundred day moving average price of $93.85.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. On average, equities analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.00%. Philip Morris International’s dividend payout ratio is currently 101.56%.

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.