MCF Advisors LLC Sells 182 Shares of Philip Morris International Inc. (NYSE:PM)

MCF Advisors LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,099 shares of the company’s stock after selling 182 shares during the quarter. MCF Advisors LLC’s holdings in Philip Morris International were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PM. Bank of Nova Scotia boosted its position in shares of Philip Morris International by 283.5% during the 4th quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock valued at $111,583,000 after acquiring an additional 876,790 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after acquiring an additional 13,416 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $1,251,000. Nebula Research & Development LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $857,000. Finally, AJOVista LLC bought a new stake in Philip Morris International during the 4th quarter worth about $137,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PM. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus lifted their price objective 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 research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Hold” and an average price target of $104.22.

Insider Buying and Selling

In other Philip Morris International 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 transaction of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Performance

NYSE PM opened at $101.33 on Friday. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $104.90. The stock’s 50 day moving average price is $100.08 and its two-hundred day moving average price is $94.94. The stock has a market capitalization of $157.52 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.08 and a beta of 0.57.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Friday, June 21st. 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.