Wheelhouse Advisory Group LLC Acquires New Position in Philip Morris International Inc. (NYSE:PM)

Wheelhouse Advisory Group LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,579 shares of the company’s stock, valued at approximately $243,000.

Several other large investors also recently bought and sold shares of PM. Headlands Technologies LLC acquired a new position in Philip Morris International in the 3rd quarter valued at about $27,000. PCA Investment Advisory Services Inc. acquired a new position in Philip Morris International in the 2nd quarter valued at about $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International in the 4th quarter valued at about $33,000. Legacy Financial Group LLC acquired a new position in Philip Morris International in the 3rd quarter valued at about $37,000. Finally, Studio Investment Management LLC boosted its holdings in Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of several recent analyst reports. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group cut shares of 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 report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Stock Up 1.3 %

PM stock traded up $1.20 during midday trading on Friday, hitting $92.40. The company’s stock had a trading volume of 2,183,535 shares, compared to its average volume of 5,428,068. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.79. The firm has a market capitalization of $143.64 billion, a P/E ratio of 18.36, a PEG ratio of 1.89 and a beta of 0.61. The firm has a 50-day simple moving average of $91.11 and a 200-day simple moving average of $92.01.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the business earned $1.39 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.63%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock valued at $1,411,128 in the last 90 days. Company 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.