Cypress Wealth Services LLC Sells 484 Shares of Philip Morris International Inc. (NYSE:PM)

Cypress Wealth Services LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 7.1% during the 1st quarter, HoldingsChannel reports. The firm owned 6,339 shares of the company’s stock after selling 484 shares during the period. Cypress Wealth Services LLC’s holdings in Philip Morris International were worth $581,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International in the 4th quarter valued at approximately $33,000. Northwest Financial Advisors bought a new stake in Philip Morris International in the 4th quarter valued at approximately $33,000. Ables Iannone Moore & Associates Inc. bought a new stake in Philip Morris International in the 4th quarter valued at approximately $38,000. Wetzel Investment Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter valued at approximately $39,000. Finally, Quarry LP lifted its stake in Philip Morris International by 307.5% in the 4th quarter. Quarry LP now owns 436 shares of the company’s stock valued at $41,000 after acquiring an additional 329 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE PM traded down $0.21 on Friday, reaching $101.36. The stock had a trading volume of 1,507,699 shares, compared to its average volume of 5,455,542. The firm has a fifty day moving average of $99.72 and a two-hundred day moving average of $94.82. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $104.90. The company has a market cap of $157.57 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57.

Philip Morris International (NYSE:PM) last released its 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 firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. Research analysts predict that Philip Morris International Inc. will post 6.32 EPS 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. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s payout ratio is 101.56%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PM shares. Stifel Nicolaus boosted 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. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $104.22.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s 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 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.