Capital Investment Counsel Inc Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Capital Investment Counsel Inc grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,417 shares of the company’s stock after buying an additional 227 shares during the quarter. Capital Investment Counsel Inc’s holdings in Philip Morris International were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International during the fourth quarter valued at about $33,000. Legacy Financial Group LLC bought a new position in shares of Philip Morris International during the third quarter valued at about $37,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth about $39,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after acquiring an additional 278 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Activity

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other 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 transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock valued at $3,339,528 in the last ninety days. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Stifel Nicolaus boosted their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. 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. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $95.59 on Tuesday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The firm’s 50-day moving average is $92.02 and its 200 day moving average is $92.20. The stock has a market cap of $148.60 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.44%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Philip Morris International 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.