RWA Wealth Partners LLC Boosts Position in Philip Morris International Inc. (NYSE:PM)

RWA Wealth Partners LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 40.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,303 shares of the company’s stock after acquiring an additional 3,556 shares during the period. RWA Wealth Partners LLC’s holdings in Philip Morris International were worth $1,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. Headlands Technologies LLC purchased a new stake in shares of Philip Morris International during the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $33,000. Legacy Financial Group LLC purchased a new stake in shares of Philip Morris International during the third quarter valued at approximately $37,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $39,000. Finally, Activest Wealth Management boosted its stake in shares of Philip Morris International by 1,685.7% during the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock valued at $47,000 after purchasing an additional 472 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the transaction, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the transaction, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a filing 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 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 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. Over the last 90 days, insiders sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Trading Up 1.4 %

Shares of Philip Morris International stock opened at $99.03 on Thursday. The firm has a market capitalization of $153.95 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.05 and a beta of 0.61. The business has a fifty day simple moving average of $91.65 and a two-hundred day simple moving average of $92.15. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.79.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. Analysts predict that Philip Morris International Inc. will post 6.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed 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. This represents a $5.20 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of analyst reports. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus increased their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Finally, UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $105.50.

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.