Octavia Wealth Advisors LLC Raises Stock Position in Philip Morris International Inc. (NYSE:PM)

Octavia Wealth Advisors LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 26,775 shares of the company’s stock after acquiring an additional 302 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Philip Morris International were worth $2,554,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. increased its holdings in shares of Philip Morris International by 1.1% in the 1st quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after acquiring an additional 281 shares during the period. American Century Companies Inc. increased its stake in Philip Morris International by 35.6% in the 1st quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock valued at $463,000 after buying an additional 1,296 shares during the period. Loomis Sayles & Co. L P increased its stake in Philip Morris International by 24.7% in the 1st quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after buying an additional 608 shares during the period. Covestor Ltd increased its stake in Philip Morris International by 54.9% in the 1st quarter. Covestor Ltd now owns 525 shares of the company’s stock valued at $49,000 after buying an additional 186 shares during the period. Finally, Mather Group LLC. increased its stake in Philip Morris International by 14.7% in the 1st quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock valued at $844,000 after buying an additional 1,154 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock worth $1,411,128 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PM. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.40.

Philip Morris International Trading Up 0.7 %

Shares of NYSE:PM traded up $0.59 on Tuesday, reaching $89.19. 1,683,033 shares of the company were exchanged, compared to its average volume of 5,462,492. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92. The firm has a market cap of $138.65 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The company has a 50-day moving average of $91.13 and a 200-day moving average of $92.05.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Philip Morris International’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.83%. Philip Morris International’s dividend payout ratio is presently 103.59%.

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.