Evoke Wealth LLC Has $365,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Evoke Wealth LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 14.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,003 shares of the company’s stock after purchasing an additional 388 shares during the quarter. Evoke Wealth LLC’s holdings in Philip Morris International were worth $365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Dunhill Financial LLC lifted its position in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the 4th quarter valued at about $33,000. Knuff & Co LLC acquired a new position in Philip Morris International during the 4th quarter valued at about $36,000. Finally, Sierra Ocean LLC acquired a new position in Philip Morris International during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacek Olczak sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Price Performance

Shares of PM stock opened at $154.27 on Thursday. The stock has a market cap of $239.86 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The stock has a 50-day moving average of $141.09 and a 200-day moving average of $130.80. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.50%. Philip Morris International’s payout ratio is 119.73%.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays upped their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.56.

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.