Wealthcare Advisory Partners LLC Grows Position in Philip Morris International Inc. (NYSE:PM)

Wealthcare Advisory Partners LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 8.8% during the first quarter, HoldingsChannel.com reports. The firm owned 10,522 shares of the company’s stock after buying an additional 848 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Philip Morris International were worth $964,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $33,000. Northwest Financial Advisors purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $33,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $38,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $39,000. Finally, Quarry LP raised its holdings in shares of Philip Morris International by 307.5% during the 4th quarter. Quarry LP now owns 436 shares of the company’s stock valued at $41,000 after buying an additional 329 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PM shares. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus raised their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.22.

Philip Morris International Stock Down 0.2 %

Shares of PM opened at $101.39 on Friday. The business’s 50 day moving average is $100.08 and its two-hundred day moving average is $94.93. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $104.90. The firm has a market cap of $157.62 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 2.09 and a beta of 0.57.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating 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 8.58%. The company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the company posted $1.38 EPS. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the business’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 value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.