Investors Asset Management of Georgia Inc. GA ADV Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,359 shares of the company’s stock after acquiring an additional 500 shares during the period. Philip Morris International accounts for 0.9% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 25th biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Philip Morris International were worth $1,822,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Philip Morris International during the 3rd quarter worth $27,000. PCA Investment Advisory Services Inc. purchased a new stake in shares of Philip Morris International during the second quarter worth about $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International during the fourth quarter valued at about $33,000. Legacy Financial Group LLC purchased a new position in shares of Philip Morris International in the 3rd quarter valued at approximately $37,000. Finally, Studio Investment Management LLC boosted its stake in Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after purchasing an additional 108 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Philip Morris International stock traded up $0.31 during trading on Thursday, reaching $90.89. The company had a trading volume of 1,872,643 shares, compared to its average volume of 5,445,099. The firm’s 50-day simple moving average is $91.07 and its 200 day simple moving average is $92.02. The firm has a market capitalization of $141.29 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. Analysts anticipate that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 103.59%.

Insider Activity

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the business’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 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 Securities & Exchange Commission, which is accessible through this link. In other news, insider Werner Barth sold 5,000 shares of the 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 approximately $9,412,880.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International 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 approximately $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 ninety days. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of a number of research analyst reports. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.40.

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.