Accel Wealth Management Invests $204,000 in Philip Morris International Inc. (NYSE:PM)

Accel Wealth Management purchased a new position in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,163 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Trueblood Wealth Management LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth approximately $231,000. FLC Capital Advisors raised its stake in shares of Philip Morris International by 11.7% during the fourth quarter. FLC Capital Advisors now owns 15,472 shares of the company’s stock worth $1,456,000 after acquiring an additional 1,620 shares in the last quarter. Successful Portfolios LLC raised its stake in shares of Philip Morris International by 9.9% during the fourth quarter. Successful Portfolios LLC now owns 3,399 shares of the company’s stock worth $320,000 after acquiring an additional 307 shares in the last quarter. WASHINGTON TRUST Co raised its stake in shares of Philip Morris International by 2.1% during the fourth quarter. WASHINGTON TRUST Co now owns 7,279 shares of the company’s stock worth $685,000 after acquiring an additional 150 shares in the last quarter. Finally, Parisi Gray Wealth Management purchased a new position in shares of Philip Morris International during the fourth quarter worth approximately $200,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.7 %

Shares of PM stock traded down $0.64 during mid-day trading on Thursday, reaching $91.59. 5,311,892 shares of the company’s stock traded hands, compared to its average volume of 5,430,423. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.92. The company has a market cap of $142.19 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.04 and a beta of 0.61. The company’s 50-day moving average price is $91.53 and its 200-day moving average price is $92.47.

Philip Morris International (NYSE:PM) last announced its quarterly 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 negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts predict that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.68%. The ex-dividend date is Wednesday, March 20th. Philip Morris International’s payout ratio is currently 103.59%.

Insider Activity

In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of 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 is available at this hyperlink. In related news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock valued at $1,411,128 in the last quarter. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on PM. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, November 29th. UBS Group downgraded 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 report on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International has an average rating of “Hold” and a consensus target price of $105.40.

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.