Good Life Advisors LLC Has $981,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Good Life Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,427 shares of the company’s stock after selling 1,386 shares during the period. Good Life Advisors LLC’s holdings in Philip Morris International were worth $981,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. PCA Investment Advisory Services Inc. bought a new stake in shares of Philip Morris International in the 2nd quarter valued at about $27,000. Headlands Technologies LLC bought a new stake in shares of Philip Morris International during the 3rd quarter valued at about $27,000. DHJJ Financial Advisors Ltd. acquired a new position in Philip Morris International during the 3rd quarter worth approximately $36,000. Legacy Financial Group LLC acquired a new position in Philip Morris International during the 3rd quarter worth approximately $37,000. Finally, VitalStone Financial LLC raised its stake in Philip Morris International by 950.0% during the 2nd quarter. VitalStone Financial LLC now owns 420 shares of the company’s stock worth $41,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.61 during trading hours on Thursday, reaching $91.62. The company had a trading volume of 5,283,851 shares, compared to its average volume of 5,430,315. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92. The business has a fifty day simple moving average of $91.53 and a 200 day simple moving average of $92.47. The firm has a market cap of $142.24 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be issued a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.68%. Philip Morris International’s dividend payout ratio (DPR) is 103.59%.

Insiders Place Their Bets

In related news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,250 shares of company stock worth $1,411,128. Company insiders own 0.13% of the company’s stock.

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.