Principle Wealth Partners LLC Sells 635 Shares of Philip Morris International Inc. (NYSE:PM)

Principle Wealth Partners LLC reduced its position in Philip Morris International Inc. (NYSE:PM) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,623 shares of the company’s stock after selling 635 shares during the quarter. Principle Wealth Partners LLC’s holdings in Philip Morris International were worth $3,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC grew its position in shares of Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares during the period. Townsend Asset Management Corp NC ADV grew its position in shares of Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after purchasing an additional 110 shares during the period. CGC Financial Services LLC grew its position in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares during the period. Raleigh Capital Management Inc. grew its position in shares of Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after purchasing an additional 112 shares during the period. Finally, Apexium Financial LP grew its position in shares of Philip Morris International by 4.9% in the 3rd quarter. Apexium Financial LP now owns 2,467 shares of the company’s stock valued at $229,000 after purchasing an additional 116 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Down 1.1 %

Shares of NYSE PM traded down $1.07 during trading hours on Friday, hitting $95.02. The company had a trading volume of 5,391,012 shares, compared to its average volume of 6,541,754. The stock has a market capitalization of $147.71 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.79. The firm’s 50 day moving average is $91.90 and its 200-day moving average is $92.18.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The company 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 9.83%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. On average, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PM. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. Stifel Nicolaus upped their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and reduced their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of “Hold” and a consensus price target of $105.50.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the 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 owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Wilde Frederic De sold 20,000 shares of the 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 owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,250 shares of company stock worth $3,339,528. Company insiders own 0.13% of the company’s stock.

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.