Wealth Alliance Purchases 123 Shares of Philip Morris International Inc. (NYSE:PM)

Wealth Alliance raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,817 shares of the company’s stock after acquiring an additional 123 shares during the quarter. Wealth Alliance’s holdings in Philip Morris International were worth $2,617,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PM. Octavia Wealth Advisors LLC boosted its position in shares of Philip Morris International by 1.1% during the 4th quarter. Octavia Wealth Advisors LLC now owns 26,775 shares of the company’s stock worth $2,554,000 after purchasing an additional 302 shares in the last quarter. Marino Stram & Associates LLC boosted its position in shares of Philip Morris International by 1.8% during the 4th quarter. Marino Stram & Associates LLC now owns 13,207 shares of the company’s stock worth $1,242,000 after purchasing an additional 236 shares in the last quarter. United Asset Strategies Inc. boosted its position in shares of Philip Morris International by 4.2% during the 4th quarter. United Asset Strategies Inc. now owns 71,498 shares of the company’s stock worth $6,726,000 after purchasing an additional 2,890 shares in the last quarter. Prosperitas Financial LLC boosted its position in shares of Philip Morris International by 213.7% during the 4th quarter. Prosperitas Financial LLC now owns 15,460 shares of the company’s stock worth $1,454,000 after purchasing an additional 10,532 shares in the last quarter. Finally, SVB Wealth LLC lifted its position in Philip Morris International by 34.7% in the 4th quarter. SVB Wealth LLC now owns 13,305 shares of the company’s stock valued at $1,252,000 after acquiring an additional 3,429 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. UBS Group cut shares of 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. Finally, Societe Generale raised shares of 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.40.

Philip Morris International Stock Performance

NYSE:PM traded up $0.70 on Tuesday, hitting $89.30. The stock had a trading volume of 2,211,299 shares, compared to its average volume of 5,470,137. The stock has a market cap of $138.82 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92. The firm’s fifty day simple moving average is $91.13 and its two-hundred day simple moving average is $92.05.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (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 company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Philip Morris International Inc. will post 6.37 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 5.82%. Philip Morris International’s payout ratio is currently 103.59%.

Insider Transactions at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 in the last quarter. Insiders own 0.14% 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.