RMR Wealth Builders Has $258,000 Stake in Philip Morris International Inc. (NYSE:PM)

RMR Wealth Builders lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 13.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,739 shares of the company’s stock after acquiring an additional 322 shares during the period. RMR Wealth Builders’ holdings in Philip Morris International were worth $258,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PM. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth approximately $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the fourth quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new position in Philip Morris International during the fourth quarter valued at approximately $39,000. McClarren Financial Advisors Inc. grew 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 valued at $43,000 after purchasing an additional 278 shares during the period. Finally, Activest Wealth Management grew its holdings in Philip Morris International by 1,685.7% during the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock valued at $47,000 after purchasing an additional 472 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of 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 raised shares of 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. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $105.50.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The stock was 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 in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,250 shares of company stock worth $3,339,528. Company insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

NYSE PM traded up $0.74 during trading hours on Wednesday, hitting $98.27. 5,784,341 shares of the company traded hands, compared to its average volume of 5,725,320. The business’s 50-day moving average is $92.76 and its 200-day moving average is $92.38. The stock has a market capitalization of $152.77 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations 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 was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.38 earnings per share. Analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors 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 yield of 5.29%. Philip Morris International’s dividend payout ratio (DPR) 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.