Philip Morris International Inc. (NYSE:PM) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC cut its holdings in Philip Morris International Inc. (NYSE:PM) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,316 shares of the company’s stock after selling 401 shares during the quarter. Avior Wealth Management LLC’s holdings in Philip Morris International were worth $876,000 as of its most recent filing with the SEC.

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

Philip Morris International Price Performance

Shares of NYSE PM opened at $90.59 on Thursday. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.92. The company has a market capitalization of $140.83 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. The firm’s 50-day moving average is $91.07 and its two-hundred day moving average is $92.02.

Philip Morris International (NYSE:PM) last announced 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 net margin of 8.53% and a negative return on equity of 116.29%. The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts forecast that Philip Morris International Inc. will post 6.37 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.74%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is 103.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $105.00 to $86.50 in a 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 objective on the stock in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.40.

Insider Activity at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,250 shares of company stock valued at $1,411,128. Company insiders own 0.13% 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.