Strategic Advisors LLC Sells 348 Shares of Philip Morris International Inc. (NYSE:PM)

Strategic Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 7.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,092 shares of the company’s stock after selling 348 shares during the quarter. Strategic Advisors LLC’s holdings in Philip Morris International were worth $375,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PM. Maryland State Retirement & Pension System increased its stake in shares of Philip Morris International by 0.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 121,855 shares of the company’s stock worth $10,968,000 after acquiring an additional 1,033 shares in the last quarter. FORVIS Wealth Advisors LLC increased its stake in shares of Philip Morris International by 26.2% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 11,580 shares of the company’s stock worth $1,061,000 after acquiring an additional 2,407 shares in the last quarter. Veracity Capital LLC increased its stake in shares of Philip Morris International by 5.2% in the 1st quarter. Veracity Capital LLC now owns 24,297 shares of the company’s stock worth $2,226,000 after acquiring an additional 1,194 shares in the last quarter. American National Bank & Trust Co. VA bought a new position in shares of Philip Morris International in the 1st quarter worth about $303,000. Finally, New Century Financial Group LLC bought a new position in shares of Philip Morris International in the 1st quarter worth about $549,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.1 %

Shares of NYSE PM traded up $0.10 during trading on Friday, reaching $101.52. 501,742 shares of the company traded hands, compared to its average volume of 5,400,217. The firm has a 50 day simple moving average of $100.46 and a 200-day simple moving average of $95.13. The stock has a market capitalization of $157.82 billion, a PE ratio of 19.81, a P/E/G ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $104.90.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s payout ratio is presently 101.56%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Hold” and a consensus price target of $104.22.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Philip Morris International 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.