Philip Morris International Inc. (NYSE:PM) Shares Acquired by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,847 shares of the company’s stock after purchasing an additional 205 shares during the period. Alpha Cubed Investments LLC’s holdings in Philip Morris International were worth $362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the fourth quarter worth $33,000. Legacy Financial Group LLC acquired a new position in Philip Morris International during the third quarter valued at $37,000. Wetzel Investment Advisors Inc. acquired a new position in Philip Morris International during the fourth quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. raised its position in Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after buying an additional 278 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,250 shares of company stock worth $3,339,528. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on PM shares. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Stifel Nicolaus upped their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment 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 presently has a consensus rating of “Hold” and an average target price of $105.50.

Philip Morris International Price Performance

Shares of PM stock opened at $94.95 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.70. The stock’s 50-day moving average is $92.12 and its two-hundred day moving average is $92.22. The firm has a market cap of $147.61 billion, a P/E ratio of 18.54, a PEG ratio of 2.02 and a beta of 0.61.

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

Philip Morris International Announces Dividend

The business 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 5.48%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.