HF Advisory Group LLC Has $739,000 Stake in Philip Morris International Inc. (NYSE:PM)

HF Advisory Group LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 11.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,858 shares of the company’s stock after buying an additional 836 shares during the quarter. HF Advisory Group LLC’s holdings in Philip Morris International were worth $739,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PM. Studio Investment Management LLC grew its holdings in shares of Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after buying an additional 108 shares during the last quarter. PFG Investments LLC grew its holdings in Philip Morris International by 1.9% during 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 in the last quarter. Townsend Asset Management Corp NC ADV raised its holdings in shares of Philip Morris International by 3.8% in 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 grew its position 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 purchasing an additional 110 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after buying an additional 112 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PM shares. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target 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 target price for the company in a research report on Tuesday, February 13th. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.40.

Philip Morris International Stock Performance

Shares of PM traded up $0.14 during mid-day trading on Thursday, hitting $90.72. 667,313 shares of the company traded hands, compared to its average volume of 5,428,677. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92. The stock has a 50-day moving average price of $91.07 and a two-hundred day moving average price of $92.02. The stock has a market cap of $141.03 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.87 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the company posted $1.39 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid 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 dividend yield of 5.73%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred 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 transaction, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the 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 sale, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,250 shares of company stock worth $1,411,128. 0.13% of the stock is owned by company insiders.

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.