Vaughan David Investments LLC IL Has $31.05 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Vaughan David Investments LLC IL grew its holdings in Philip Morris International Inc. (NYSE:PMFree Report) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 330,001 shares of the company’s stock after acquiring an additional 5,670 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Philip Morris International were worth $31,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at approximately $27,000. PCA Investment Advisory Services Inc. acquired a new position in Philip Morris International during the second quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the fourth quarter worth $33,000. DHJJ Financial Advisors Ltd. acquired a new position in Philip Morris International during the third quarter worth $36,000. Finally, Legacy Financial Group LLC acquired a new position in Philip Morris International during the third quarter worth $37,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.6 %

Shares of Philip Morris International stock traded down $0.56 during trading on Friday, reaching $88.87. The company’s stock had a trading volume of 5,516,104 shares, compared to its average volume of 5,485,271. The business’s 50-day moving average price is $91.27 and its 200-day moving average price is $92.10. The firm has a market cap of $138.15 billion, a PE ratio of 17.70, a P/E/G ratio of 2.02 and a beta of 0.61. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.92.

Philip Morris International (NYSE:PMGet Free Report) last announced its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.85%. Philip Morris International’s dividend payout ratio is 103.59%.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 8,250 shares of the company’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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Massimo Andolina sold 8,250 shares of the firm’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 completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the transaction, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock valued at $1,411,128 over the last quarter. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PM shares. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $105.40.

View Our Latest Stock Report on PM

Philip Morris International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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