Schnieders Capital Management LLC Has $530,000 Stake in Philip Morris International Inc. (NYSE:PM)

Schnieders Capital Management LLC cut its position in Philip Morris International Inc. (NYSE:PM) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,638 shares of the company’s stock after selling 400 shares during the quarter. Schnieders Capital Management LLC’s holdings in Philip Morris International were worth $530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Ziegler Capital Management LLC raised its position in shares of Philip Morris International by 1.1% in the 3rd quarter. Ziegler Capital Management LLC now owns 27,147 shares of the company’s stock valued at $2,513,000 after buying an additional 300 shares in the last quarter. Royal Fund Management LLC increased its position in Philip Morris International by 3.0% during the 3rd quarter. Royal Fund Management LLC now owns 9,413 shares of the company’s stock worth $871,000 after purchasing an additional 277 shares in the last quarter. Howland Capital Management LLC increased its position in Philip Morris International by 2.8% during the 3rd quarter. Howland Capital Management LLC now owns 6,346 shares of the company’s stock worth $596,000 after purchasing an additional 170 shares in the last quarter. Meridian Wealth Management LLC increased its position in Philip Morris International by 97.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 26,360 shares of the company’s stock worth $2,441,000 after purchasing an additional 13,005 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its position in Philip Morris International by 8.0% during the 3rd quarter. Wagner Wealth Management LLC now owns 8,211 shares of the company’s stock worth $760,000 after purchasing an additional 606 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.4 %

PM traded up $1.36 during trading on Wednesday, hitting $99.02. 13,298,672 shares of the company traded hands, compared to its average volume of 5,752,236. The firm has a market cap of $153.93 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61. The stock’s fifty day moving average is $91.46 and its 200 day moving average is $92.10. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The company had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.36 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.25%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Massimo Andolina sold 8,250 shares of the firm’s 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 completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock worth $1,411,128 over the last quarter. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. 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 report on Tuesday, February 13th. Finally, Stifel Nicolaus boosted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.50.

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.