Cwm LLC Has $4.30 Million Position in Philip Morris International Inc. (NYSE:PM)

Cwm LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 32.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,738 shares of the company’s stock after buying an additional 11,228 shares during the period. Cwm LLC’s holdings in Philip Morris International were worth $4,303,000 as of its most recent SEC filing.

A number of 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 valued at $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $33,000. Legacy Financial Group LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter valued at $37,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $39,000. Finally, Activest Wealth Management lifted its stake in shares of Philip Morris International by 1,685.7% in the 4th 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 last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM opened at $97.66 on Wednesday. The firm’s 50-day moving average is $91.46 and its 200-day moving average is $92.10. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.79. The company has a market cap of $151.82 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.97 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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 6.36 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued 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 dividend yield of 5.32%. Philip Morris International’s payout ratio is 103.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PM shares. 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 note on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Hold” and an average target price of $105.40.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the 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 completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,250 shares of company stock worth $1,411,128. 0.14% of the stock is currently owned by company insiders.

About Philip Morris International

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.