Kingswood Wealth Advisors LLC Lowers Position in Philip Morris International Inc. (NYSE:PM)

Kingswood Wealth Advisors LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 42.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,957 shares of the company’s stock after selling 7,443 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Philip Morris International were worth $912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $33,000. Northwest Financial Advisors purchased a new position in Philip Morris International during the fourth quarter worth $33,000. Ables Iannone Moore & Associates Inc. bought a new position in Philip Morris International during the fourth quarter valued at $38,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at $39,000. Finally, Quarry LP lifted its holdings in shares of Philip Morris International by 307.5% in the 4th quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after acquiring an additional 329 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on PM. Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Hold” and a consensus price target of $104.22.

Insider Buying and Selling at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Down 0.1 %

Shares of PM stock traded down $0.13 on Wednesday, hitting $101.91. The stock had a trading volume of 4,321,691 shares, compared to its average volume of 5,498,212. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90. The business has a 50 day moving average price of $99.49 and a 200 day moving average price of $94.77. The company has a market cap of $158.43 billion, a PE ratio of 19.94, a P/E/G ratio of 2.10 and a beta of 0.57.

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

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio is currently 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.