Eagle Global Advisors LLC Sells 7,623 Shares of Philip Morris International Inc. (NYSE:PM)

Eagle Global Advisors LLC cut its holdings in Philip Morris International Inc. (NYSE:PMFree Report) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,116 shares of the company’s stock after selling 7,623 shares during the quarter. Eagle Global Advisors LLC’s holdings in Philip Morris International were worth $5,938,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. HCR Wealth Advisors grew its stake in shares of Philip Morris International by 34.4% in the 4th quarter. HCR Wealth Advisors now owns 6,596 shares of the company’s stock worth $621,000 after acquiring an additional 1,688 shares in the last quarter. ProVise Management Group LLC increased its holdings in shares of Philip Morris International by 2.8% in the fourth quarter. ProVise Management Group LLC now owns 153,826 shares of the company’s stock worth $14,472,000 after purchasing an additional 4,122 shares during the period. Team Hewins LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at about $507,000. TCW Group Inc. purchased a new position in Philip Morris International in the 4th quarter worth approximately $2,305,000. Finally, SageView Advisory Group LLC grew its position in Philip Morris International by 64.7% in the fourth quarter. SageView Advisory Group LLC now owns 24,260 shares of the company’s stock worth $2,226,000 after acquiring an additional 9,528 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of PM traded up $0.28 during midday trading on Friday, reaching $99.93. The stock had a trading volume of 3,579,550 shares, compared to its average volume of 5,566,520. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.46. The company has a market cap of $155.35 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.16 and a beta of 0.60. The company’s fifty day simple moving average is $94.63 and its two-hundred day simple moving average is $93.18.

Philip Morris International (NYSE:PMGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.38 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors 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 5.20%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The stock was 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 directly owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock valued at $3,339,528 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of recent research reports. Stifel Nicolaus raised 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, April 24th. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Societe Generale upgraded shares of 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.50.

View Our Latest Research Report on PM

Philip Morris International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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