Everpar Advisors LLC Invests $818,000 in Philip Morris International Inc. (NYSE:PM)

Everpar Advisors LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, Holdings Channel reports. The fund purchased 8,695 shares of the company’s stock, valued at approximately $818,000.

A number of other large investors have also recently modified their holdings of PM. Barlow Wealth Partners Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth $320,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Philip Morris International by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after purchasing an additional 125,919 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Philip Morris International by 5.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,582 shares of the company’s stock worth $2,031,000 after purchasing an additional 1,106 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Philip Morris International by 13.5% during the 4th quarter. Apollon Wealth Management LLC now owns 42,373 shares of the company’s stock worth $3,986,000 after purchasing an additional 5,031 shares during the last quarter. Finally, Lincoln National Corp lifted its stake in shares of Philip Morris International by 3.0% during the 4th quarter. Lincoln National Corp now owns 33,210 shares of the company’s stock worth $3,124,000 after purchasing an additional 968 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.1 %

Shares of Philip Morris International stock traded up $0.06 on Tuesday, reaching $97.51. 3,960,335 shares of the stock were exchanged, compared to its average volume of 5,724,651. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70. The firm has a market capitalization of $151.59 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.08 and a beta of 0.60. The business has a 50 day moving average price of $92.76 and a two-hundred day moving average price of $92.38.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PM. 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 research note on Tuesday, February 13th. Stifel Nicolaus increased their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.50.

Insider Activity

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the transaction, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Massimo Andolina sold 8,250 shares of the firm’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 transaction, 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 accessible through this link. Also, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock worth $3,339,528 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

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.