Arkadios Wealth Advisors Sells 2,029 Shares of Philip Morris International Inc. (NYSE:PM)

Arkadios Wealth Advisors decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,749 shares of the company’s stock after selling 2,029 shares during the quarter. Arkadios Wealth Advisors’ holdings in Philip Morris International were worth $3,005,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. Diversify Advisory Services LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at about $5,634,000. Axxcess Wealth Management LLC boosted its stake in shares of Philip Morris International by 25.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock valued at $3,151,000 after purchasing an additional 6,974 shares during the last quarter. Duality Advisers LP increased its position in shares of Philip Morris International by 165.6% during the first quarter. Duality Advisers LP now owns 38,644 shares of the company’s stock worth $3,541,000 after buying an additional 24,093 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Philip Morris International by 11.5% in the first quarter. New Mexico Educational Retirement Board now owns 90,111 shares of the company’s stock valued at $8,465,000 after buying an additional 9,300 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Philip Morris International by 17.9% in the second quarter. Sequoia Financial Advisors LLC now owns 31,591 shares of the company’s stock valued at $3,203,000 after buying an additional 4,793 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,418 shares of company stock valued at $15,247,052 over the last three months. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group lifted their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group upped their target price on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $126.85.

Philip Morris International Stock Performance

NYSE:PM traded down $2.94 during trading on Friday, reaching $129.86. The company’s stock had a trading volume of 3,888,565 shares, compared to its average volume of 5,367,846. The firm has a market cap of $201.87 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.57 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $133.27. The firm has a 50 day moving average of $122.50 and a 200-day moving average of $109.71.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 12.10% and a negative return on equity of 117.94%. The firm had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the prior year, the firm earned $1.67 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts forecast that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a $1.35 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s payout ratio is currently 105.47%.

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.