Wheelhouse Advisory Group LLC Invests $243,000 in Philip Morris International Inc. (NYSE:PM)

Wheelhouse Advisory Group LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,579 shares of the company’s stock, valued at approximately $243,000.

Several other large investors have also recently modified their holdings of PM. PCA Investment Advisory Services Inc. purchased a new position in Philip Morris International during the 2nd quarter valued at about $27,000. Headlands Technologies LLC purchased a new position in Philip Morris International during the 3rd quarter valued at about $27,000. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International during the 4th quarter valued at about $33,000. Legacy Financial Group LLC purchased a new position in shares of Philip Morris International during the 3rd quarter worth approximately $37,000. Finally, Studio Investment Management LLC grew its holdings in shares of Philip Morris International by 33.8% during the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.3 %

PM stock traded up $1.20 during midday trading on Friday, hitting $92.40. The company’s stock had a trading volume of 2,183,535 shares, compared to its average volume of 5,428,068. The company has a market cap of $143.64 billion, a PE ratio of 18.36, a P/E/G ratio of 1.89 and a beta of 0.61. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.79. The firm’s 50-day moving average is $91.11 and its 200-day moving average is $92.01.

Philip Morris International (NYSE:PM) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. Analysts expect that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.63%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PM shares. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. Finally, UBS Group cut 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 report on Tuesday, January 23rd. One 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. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Hold” and an average target price of $105.40.

Insider Activity at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Werner Barth sold 5,000 shares of the business’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 sale, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by corporate insiders.

About Philip Morris International

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.