Marino Stram & Associates LLC Has $1.24 Million Position in Philip Morris International Inc. (NYSE:PM)

Marino Stram & Associates LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,207 shares of the company’s stock after purchasing an additional 236 shares during the period. Marino Stram & Associates LLC’s holdings in Philip Morris International were worth $1,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Headlands Technologies LLC bought a new stake in shares of Philip Morris International in the 3rd quarter worth about $27,000. PCA Investment Advisory Services Inc. bought a new stake in Philip Morris International during the second quarter worth about $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $33,000. DHJJ Financial Advisors Ltd. bought a new position in shares of Philip Morris International in the third quarter valued at approximately $36,000. Finally, Legacy Financial Group LLC acquired a new position in shares of Philip Morris International in the 3rd quarter worth approximately $37,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.8 %

Shares of NYSE:PM traded up $0.67 during trading on Tuesday, hitting $89.27. 1,600,788 shares of the company’s stock were exchanged, compared to its average volume of 5,462,492. The firm has a market cap of $138.77 billion, a P/E ratio of 17.65, a PEG ratio of 2.01 and a beta of 0.61. The firm has a 50-day moving average price of $91.13 and a two-hundred day moving average price of $92.05. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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). The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. Philip Morris International’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. As a group, research analysts predict that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.83%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Insider Buying and Selling at Philip Morris International

In related news, 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 value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now 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 is available through this link. Also, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Argus restated 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $105.40.

Philip Morris International 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.