Philip Morris International Inc. (NYSE:PM) Shares Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,700 shares of the company’s stock after buying an additional 332 shares during the quarter. Wealthspire Advisors LLC’s holdings in Philip Morris International were worth $2,512,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PM. Catalyst Financial Partners LLC increased its stake in Philip Morris International by 1.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 14,420 shares of the company’s stock valued at $1,357,000 after purchasing an additional 267 shares during the last quarter. National Pension Service grew its holdings in Philip Morris International by 2.0% during the 4th quarter. National Pension Service now owns 2,491,219 shares of the company’s stock valued at $234,374,000 after purchasing an additional 49,370 shares in the last quarter. Verus Financial Partners Inc. raised its position in shares of Philip Morris International by 21.4% in the 4th quarter. Verus Financial Partners Inc. now owns 32,880 shares of the company’s stock valued at $2,987,000 after purchasing an additional 5,793 shares in the last quarter. RMR Wealth Builders grew its holdings in Philip Morris International by 13.3% during the 4th quarter. RMR Wealth Builders now owns 2,739 shares of the company’s stock worth $258,000 after acquiring an additional 322 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in Philip Morris International by 1.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 311,505 shares of the company’s stock worth $29,306,000 after buying an additional 4,531 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Stifel Nicolaus increased their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, February 13th. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $105.50.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $0.74 during trading on Wednesday, hitting $98.27. 5,784,341 shares of the company were exchanged, compared to its average volume of 5,725,320. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $100.70. The company has a fifty day moving average price of $92.76 and a 200-day moving average price of $92.38. The firm has a market capitalization of $152.77 billion, a PE ratio of 19.19, a P/E/G ratio of 2.08 and a beta of 0.60.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The company 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%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. Research analysts anticipate that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.29%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insider Buying and Selling at Philip Morris International

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 stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The stock was 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 in the company, valued at $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,250 shares of company stock valued at $3,339,528. 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.