Philip Morris International Inc. (NYSE:PM) Shares Purchased by Evercore Wealth Management LLC

Evercore Wealth Management LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,568 shares of the company’s stock after buying an additional 179 shares during the period. Evercore Wealth Management LLC’s holdings in Philip Morris International were worth $3,064,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Philip Morris International in the 3rd quarter worth about $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International in the 4th quarter worth about $33,000. Northwest Financial Advisors purchased a new position in shares of Philip Morris International in the 4th quarter worth about $33,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Philip Morris International in the 4th quarter worth about $39,000. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after buying an additional 278 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PM. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus lifted their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Societe Generale upgraded 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.50.

Insider Transactions at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The stock was 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 $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Down 0.6 %

Philip Morris International stock traded down $0.63 during mid-day trading on Friday, hitting $103.61. 2,506,958 shares of the company’s stock traded hands, compared to its average volume of 4,489,224. The firm has a 50 day moving average price of $96.64 and a 200 day moving average price of $94.01. The company has a market cap of $161.07 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.