Atria Wealth Solutions Inc. Boosts Stake in Philip Morris International Inc. (NYSE:PM)

Atria Wealth Solutions Inc. lifted its position in Philip Morris International Inc. (NYSE:PM) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,364 shares of the company’s stock after purchasing an additional 3,818 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Philip Morris International were worth $7,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its position in shares of Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after acquiring an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after buying an additional 3,121,732 shares during the last quarter. Boston Partners boosted its stake in shares of Philip Morris International by 38.5% in the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after buying an additional 1,372,520 shares during the last quarter. London Co. of Virginia raised its holdings in Philip Morris International by 52.2% in the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock worth $287,956,000 after purchasing an additional 1,066,871 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Philip Morris International by 24.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock worth $448,246,000 after purchasing an additional 958,894 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction 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 owns 102,918 shares in the company, valued at $9,412,880.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now 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. In the last quarter, insiders sold 15,250 shares of company stock worth $1,411,128. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. Stifel Nicolaus lifted their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Down 0.2 %

PM traded down $0.19 during trading on Friday, reaching $95.90. The company’s stock had a trading volume of 331,153 shares, compared to its average volume of 5,708,259. The firm has a fifty day simple moving average of $91.79 and a two-hundred day simple moving average of $92.18. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The company has a market cap of $149.08 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.09 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the previous year, the company earned $1.38 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.42%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.