Bahl & Gaynor Inc. Sells 120 Shares of Philip Morris International Inc. (NYSE:PM)

Bahl & Gaynor Inc. trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,971 shares of the company’s stock after selling 120 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Philip Morris International were worth $1,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International during the 4th quarter valued at approximately $33,000. Legacy Financial Group LLC bought a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $37,000. Wetzel Investment Advisors Inc. bought a new position in shares of Philip Morris International during the 4th quarter valued at approximately $39,000. Finally, McClarren Financial Advisors Inc. boosted its position in shares of Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after acquiring an additional 278 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

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 owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of the firm’s 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 in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,250 shares of company stock worth $3,339,528. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PM shares. Societe Generale upgraded 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. Stifel Nicolaus increased their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group lowered 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 report on Tuesday, January 23rd. One equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Stock Down 1.1 %

PM stock opened at $95.02 on Friday. The business’s fifty day simple moving average is $91.90 and its two-hundred day simple moving average is $92.20. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The firm has a market cap of $147.71 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.03 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the firm posted $1.38 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Philip Morris International Inc. will post 6.3 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.47%. Philip Morris International’s dividend payout ratio is currently 101.56%.

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.