Ellenbecker Investment Group Sells 651 Shares of Philip Morris International Inc. (NYSE:PM)

Ellenbecker Investment Group trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,555 shares of the company’s stock after selling 651 shares during the quarter. Philip Morris International makes up approximately 0.6% of Ellenbecker Investment Group’s holdings, making the stock its 20th largest position. Ellenbecker Investment Group’s holdings in Philip Morris International were worth $2,498,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ferguson Wellman Capital Management Inc. increased its stake in shares of Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after purchasing an additional 13,416 shares in the last quarter. Amica Mutual Insurance Co. increased its stake in shares of Philip Morris International by 5.5% in the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after purchasing an additional 7,726 shares in the last quarter. NewEdge Wealth LLC increased its stake in shares of Philip Morris International by 69.9% in the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock worth $4,785,000 after purchasing an additional 20,918 shares in the last quarter. Chiron Investment Management LLC increased its stake in shares of Philip Morris International by 2.0% in the 3rd quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock worth $32,825,000 after purchasing an additional 6,981 shares in the last quarter. Finally, Country Club Bank GFN increased its stake in shares of Philip Morris International by 21.3% in the 4th quarter. Country Club Bank GFN now owns 77,246 shares of the company’s stock worth $7,267,000 after purchasing an additional 13,546 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.40.

Philip Morris International Stock Up 3.8 %

Philip Morris International stock traded up $3.60 during midday trading on Tuesday, reaching $97.66. The stock had a trading volume of 12,386,113 shares, compared to its average volume of 5,646,264. 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 cap of $151.82 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. The company has a fifty day moving average of $91.29 and a 200 day moving average of $92.06.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts predict that Philip Morris International Inc. will post 6.38 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 of the company’s stock, valued at $882,050.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International 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 completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.14% of the stock is currently owned by company insiders.

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.