Pekin Hardy Strauss Inc. Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Pekin Hardy Strauss Inc. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,316 shares of the company’s stock after buying an additional 113 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Philip Morris International were worth $2,758,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PM. PDS Planning Inc grew its holdings in Philip Morris International by 7.6% during the third quarter. PDS Planning Inc now owns 3,624 shares of the company’s stock valued at $336,000 after purchasing an additional 257 shares during the period. ST Germain D J Co. Inc. raised its stake in Philip Morris International by 18.5% in the 3rd quarter. ST Germain D J Co. Inc. now owns 1,279 shares of the company’s stock valued at $118,000 after acquiring an additional 200 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Philip Morris International by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 542,400 shares of the company’s stock valued at $50,215,000 after purchasing an additional 28,333 shares during the last quarter. Toews Corp ADV purchased a new position in shares of Philip Morris International in the third quarter worth about $778,000. Finally, Accurate Wealth Management LLC lifted its stake in shares of Philip Morris International by 9.8% during the 3rd quarter. Accurate Wealth Management LLC now owns 10,637 shares of the company’s stock valued at $993,000 after buying an additional 951 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on PM. 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 research report on Tuesday, February 13th. Stifel Nicolaus raised their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group lowered 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Down 0.7 %

Shares of Philip Morris International stock traded down $0.66 during trading on Tuesday, reaching $94.94. The company’s stock had a trading volume of 6,416,014 shares, compared to its average volume of 5,752,225. The company has a market cap of $147.59 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.01 and a beta of 0.61. The firm’s 50-day moving average is $92.02 and its two-hundred day moving average is $92.20. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.79.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS 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 analysts’ expectations of $8.44 billion. During the same period in the previous year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.3 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.48%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.14% of the stock is currently owned by 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.