Good Life Advisors LLC Has $981,000 Stake in Philip Morris International Inc. (NYSE:PM)

Good Life Advisors LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,427 shares of the company’s stock after selling 1,386 shares during the period. Good Life Advisors LLC’s holdings in Philip Morris International were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Studio Investment Management LLC raised its position in shares of Philip Morris International by 33.8% in the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after buying an additional 108 shares in the last quarter. PFG Investments LLC lifted its holdings in Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after buying an additional 109 shares during the period. Townsend Asset Management Corp NC ADV lifted its holdings in shares of Philip Morris International by 3.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after purchasing an additional 110 shares during the last quarter. CGC Financial Services LLC raised its holdings in Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after acquiring an additional 110 shares during the last quarter. Finally, Corrigan Financial Inc. raised its holdings in Philip Morris International by 2.5% in the 2nd quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock worth $449,000 after acquiring an additional 112 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In other Philip Morris International news, 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 transaction, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were 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 of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 in the last 90 days. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. 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 report on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Stock Down 0.7 %

Shares of NYSE PM traded down $0.61 during trading on Thursday, hitting $91.62. The company had a trading volume of 5,283,851 shares, compared to its average volume of 5,430,315. The stock has a fifty day simple moving average of $91.53 and a two-hundred day simple moving average of $92.47. The firm has a market capitalization of $142.24 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92.

Philip Morris International (NYSE:PM) last released its quarterly earnings results 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 company had revenue of $9.05 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. On average, analysts anticipate that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 21st will be given a $1.30 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.68%. Philip Morris International’s dividend payout ratio (DPR) is 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.