CreativeOne Wealth LLC Has $1.07 Million Stake in Philip Morris International Inc. (NYSE:PM)

CreativeOne Wealth LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,406 shares of the company’s stock after selling 3,020 shares during the quarter. CreativeOne Wealth LLC’s holdings in Philip Morris International were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $1,202,000. D.A. Davidson & CO. grew its holdings in Philip Morris International by 2.2% in the fourth quarter. D.A. Davidson & CO. now owns 98,075 shares of the company’s stock worth $9,227,000 after purchasing an additional 2,140 shares during the period. Clearbridge Investments LLC bought a new stake in Philip Morris International in the fourth quarter valued at $460,000. Balentine LLC raised its holdings in shares of Philip Morris International by 2.8% during the fourth quarter. Balentine LLC now owns 30,847 shares of the company’s stock valued at $2,902,000 after purchasing an additional 826 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of Philip Morris International by 14.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 30,261 shares of the company’s stock worth $2,847,000 after purchasing an additional 3,916 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, 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 transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the 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 completion of the transaction, 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. Insiders sold 35,250 shares of company stock valued at $3,339,528 in the last quarter. Company insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

PM traded up $0.83 during trading on Wednesday, reaching $101.06. The stock had a trading volume of 860,987 shares, compared to its average volume of 5,553,243. The business has a 50-day moving average of $94.40 and a 200-day moving average of $93.07. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.46. The stock has a market cap of $157.10 billion, a PE ratio of 19.58, a PEG ratio of 2.12 and a beta of 0.60.

Philip Morris International (NYSE:PM) last released its 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. The company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.15%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. UBS Group downgraded 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 report on Tuesday, January 23rd. Societe Generale raised 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. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. 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 has an average rating of “Hold” and an average target price of $105.50.

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.