Western Wealth Management LLC Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Western Wealth Management LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,068 shares of the company’s stock after purchasing an additional 213 shares during the quarter. Western Wealth Management LLC’s holdings in Philip Morris International were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PM. Headlands Technologies LLC purchased a new position in shares of Philip Morris International in the 3rd quarter worth about $27,000. PCA Investment Advisory Services Inc. purchased a new stake in Philip Morris International in the second quarter worth approximately $27,000. Tennessee Valley Asset Management Partners bought a new position in Philip Morris International during the fourth quarter valued at approximately $33,000. Legacy Financial Group LLC purchased a new position in shares of Philip Morris International during the third quarter worth approximately $37,000. Finally, Studio Investment Management LLC lifted its holdings in shares of Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after acquiring an additional 108 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. 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 report on Tuesday, February 13th. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.40.

Philip Morris International Price Performance

NYSE PM opened at $93.77 on Monday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The stock has a market capitalization of $145.77 billion, a PE ratio of 18.68, a PEG ratio of 1.96 and a beta of 0.61. The business’s 50-day moving average is $91.20 and its 200 day moving average is $92.05.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the business posted $1.39 earnings per share. Philip Morris International’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.38 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared 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. This represents a $5.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 103.59%.

Insider Buying and Selling

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The stock was 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 of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The stock was 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 owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock valued at $1,411,128 over the last three months. Corporate insiders own 0.14% of the company’s stock.

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.