Austin Private Wealth LLC Purchases 121 Shares of Philip Morris International Inc. (NYSE:PM)

Austin Private Wealth LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 4.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,028 shares of the company’s stock after acquiring an additional 121 shares during the quarter. Austin Private Wealth LLC’s holdings in Philip Morris International were worth $285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Studio Investment Management LLC lifted its position in Philip Morris International by 33.8% in the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after buying an additional 108 shares during the last quarter. PFG Investments LLC lifted its holdings in shares of Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after acquiring an additional 109 shares during the last quarter. Townsend Asset Management Corp NC ADV lifted its holdings in shares of Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after acquiring an additional 110 shares during the last quarter. CGC Financial Services LLC boosted its position in shares of Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares during the period. Finally, Corrigan Financial Inc. increased its holdings in Philip Morris International by 2.5% in the 2nd quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock valued at $449,000 after purchasing an additional 112 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM opened at $91.59 on Friday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92. The stock has a market capitalization of $142.19 billion, a PE ratio of 18.25, a PEG ratio of 2.08 and a beta of 0.61. The stock has a 50-day simple moving average of $91.53 and a 200-day simple moving average of $92.47.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the business earned $1.39 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts predict that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Dividend Announcement

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

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of Philip Morris International 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 sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s 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 completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction 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 completion of the transaction, 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. Insiders have sold 15,250 shares of company stock valued at $1,411,128 over the last quarter. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on PM. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.40.

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.