Tandem Capital Management Corp ADV Has $1.53 Million Position in Philip Morris International Inc. (NYSE:PM)

Tandem Capital Management Corp ADV lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,223 shares of the company’s stock after selling 661 shares during the period. Tandem Capital Management Corp ADV’s holdings in Philip Morris International were worth $1,526,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its holdings in Philip Morris International by 13.6% during the 3rd quarter. Proficio Capital Partners LLC now owns 3,547 shares of the company’s stock valued at $328,000 after purchasing an additional 424 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Philip Morris International by 5.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 11,251 shares of the company’s stock worth $1,042,000 after purchasing an additional 622 shares in the last quarter. CX Institutional boosted its stake in Philip Morris International by 444.5% in the 3rd quarter. CX Institutional now owns 37,937 shares of the company’s stock worth $3,512,000 after purchasing an additional 30,970 shares during the period. Coronation Fund Managers Ltd. grew its holdings in shares of Philip Morris International by 9.5% during the third quarter. Coronation Fund Managers Ltd. now owns 328,629 shares of the company’s stock worth $30,424,000 after buying an additional 28,470 shares in the last quarter. Finally, Goldstein Advisors LLC raised its holdings in shares of Philip Morris International by 7.6% in the third quarter. Goldstein Advisors LLC now owns 2,817 shares of the company’s stock valued at $261,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now 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 the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 in the last quarter. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM traded down $2.93 on Thursday, hitting $96.09. The stock had a trading volume of 7,416,363 shares, compared to its average volume of 5,776,468. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The firm’s fifty day simple moving average is $91.79 and its two-hundred day simple moving average is $92.18. The stock has a market cap of $149.38 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.05 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Equities research analysts predict that Philip Morris International Inc. will post 6.33 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders 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 5.41%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is 101.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus boosted 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.