KLCM Advisors Inc. Has $1.58 Million Stake in Philip Morris International Inc. (NYSE:PM)

KLCM Advisors Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,737 shares of the company’s stock after acquiring an additional 3,445 shares during the quarter. KLCM Advisors Inc.’s holdings in Philip Morris International were worth $1,575,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PM. Headlands Technologies LLC acquired a new position in shares of Philip Morris International in the third quarter valued at approximately $27,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Legacy Financial Group LLC acquired a new position in shares of Philip Morris International in the third quarter valued at approximately $37,000. Finally, Studio Investment Management LLC increased its stake in shares of Philip Morris International by 33.8% in the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of several recent research reports. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. Finally, UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. One 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 MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and an average target price of $105.40.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock worth $1,411,128 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $0.90 on Wednesday, reaching $89.50. 4,617,555 shares of the company’s stock were exchanged, compared to its average volume of 6,176,750. The company has a market capitalization of $139.13 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.92. The firm’s 50-day moving average is $91.09 and its two-hundred day moving average is $92.03.

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

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 103.59%.

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.