Philip Morris International Inc. (NYSE:PM) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,316 shares of the company’s stock after selling 401 shares during the period. Avior Wealth Management LLC’s holdings in Philip Morris International were worth $876,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PCA Investment Advisory Services Inc. acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $27,000. Headlands Technologies LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Legacy Financial Group LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $37,000. Finally, Studio Investment Management LLC increased its position 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 valued at $43,000 after acquiring an additional 108 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of several analyst reports. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $105.40.

Insider Transactions at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were 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 filing with the SEC, which is available at this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated 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 a total of 15,250 shares of company stock valued at $1,411,128 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Up 1.2 %

PM stock opened at $90.59 on Thursday. The company’s 50-day simple moving average is $91.07 and its 200-day simple moving average is $92.02. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92. The firm has a market cap of $140.83 billion, a P/E ratio of 18.05, a PEG ratio of 1.87 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the company earned $1.39 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is currently 103.59%.

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.