Successful Portfolios LLC Sells 1,121 Shares of Philip Morris International Inc. (NYSE:PM)

Successful Portfolios LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 33.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,278 shares of the company’s stock after selling 1,121 shares during the quarter. Successful Portfolios LLC’s holdings in Philip Morris International were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $33,000. Northwest Financial Advisors bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $33,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $38,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $39,000. Finally, Quarry LP increased its stake in shares of Philip Morris International by 307.5% in the 4th quarter. Quarry LP now owns 436 shares of the company’s stock valued at $41,000 after acquiring an additional 329 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus increased 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Down 0.1 %

NYSE:PM opened at $101.25 on Tuesday. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90. The business has a 50 day moving average price of $100.08 and a two-hundred day moving average price of $94.94. The company has a market cap of $157.40 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share 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 8.58%. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the firm posted $1.38 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Friday, June 21st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the 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 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 SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

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.