Stokes Family Office LLC Sells 12,882 Shares of Philip Morris International Inc. (NYSE:PM)

Stokes Family Office LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,242 shares of the company’s stock after selling 12,882 shares during the period. Stokes Family Office LLC’s holdings in Philip Morris International were worth $3,880,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Philip Morris International in the third quarter valued at $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the fourth quarter valued at $33,000. Legacy Financial Group LLC acquired a new stake in Philip Morris International in the third quarter valued at $37,000. Wetzel Investment Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. increased its holdings in Philip Morris International by 158.0% in 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. 78.63% of the stock is currently owned by institutional investors.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Price Performance

Shares of PM stock traded up $0.09 on Friday, reaching $97.40. 4,890,291 shares of the company were exchanged, compared to its average volume of 5,759,192. The company has a market cap of $151.41 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.03 and a beta of 0.60. The company has a 50-day moving average of $92.36 and a 200-day moving average of $92.28. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.70.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion for 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 business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 6.3 EPS 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 given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.34%. Philip Morris International’s payout ratio is 101.56%.

Wall Street Analysts Forecast Growth

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

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.