Wealthcare Advisory Partners LLC Has $910,000 Stake in Philip Morris International Inc. (NYSE:PM)

Wealthcare Advisory Partners LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,674 shares of the company’s stock after acquiring an additional 1,217 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Philip Morris International were worth $910,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PM. Ferguson Wellman Capital Management Inc. lifted its holdings in Philip Morris International by 2.3% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after buying an additional 13,416 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $1,251,000. Amica Mutual Insurance Co. increased its holdings in Philip Morris International by 5.5% in the third quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock valued at $13,655,000 after purchasing an additional 7,726 shares during the last quarter. AJOVista LLC bought a new position in Philip Morris International during the fourth quarter worth about $137,000. Finally, NewEdge Wealth LLC grew its position in shares of Philip Morris International by 69.9% during the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock worth $4,785,000 after buying an additional 20,918 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, 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 can be accessed through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred 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 owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The stock was 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 of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock valued at $3,339,528 over the last 90 days. 0.14% of the stock is currently owned by insiders.

Philip Morris International Trading Down 0.0 %

Shares of Philip Morris International stock traded down $0.03 during trading hours on Wednesday, reaching $97.50. 234,076 shares of the company’s stock were exchanged, compared to its average volume of 5,660,698. The company has a 50 day moving average of $92.76 and a two-hundred day moving average of $92.38. The stock has a market cap of $151.57 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.70.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 EPS. As a group, analysts expect that Philip Morris International Inc. will post 6.29 earnings per share 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 paid a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.33%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Analyst Upgrades and Downgrades

PM has been the topic of several recent analyst reports. 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. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus raised their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. 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. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Hold” and an average price target of $105.50.

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.