Steele Capital Management Inc. Invests $293,000 in Philip Morris International Inc. (NYSE:PM)

Steele Capital Management Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,114 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 stake in Philip Morris International in the 4th quarter valued at approximately $33,000. Legacy Financial Group LLC acquired a new stake in Philip Morris International during the 3rd quarter valued at $37,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International during the fourth quarter worth $39,000. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Trading Down 0.8 %

Shares of Philip Morris International stock traded down $0.77 during trading hours on Tuesday, reaching $94.83. The stock had a trading volume of 1,446,867 shares, compared to its average volume of 5,691,319. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The firm has a market capitalization of $147.42 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.01 and a beta of 0.61. The firm has a 50 day simple moving average of $92.02 and a two-hundred day simple moving average of $92.20.

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

Philip Morris International Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on PM shares. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale upgraded shares of 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. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus upped their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Hold” and an average target price of $105.50.

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.