Foguth Wealth Management LLC. Acquires New Shares in Philip Morris International Inc. (NYSE:PM)

Foguth Wealth Management LLC. acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,491 shares of the company’s stock, valued at approximately $320,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PM. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of Philip Morris International by 3.3% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 50,890 shares of the company’s stock valued at $4,663,000 after buying an additional 1,644 shares during the period. Coston McIsaac & Partners lifted its holdings in shares of Philip Morris International by 3.1% during the 1st quarter. Coston McIsaac & Partners now owns 44,745 shares of the company’s stock valued at $4,099,000 after buying an additional 1,351 shares during the period. Investment Research & Advisory Group Inc. lifted its holdings in shares of Philip Morris International by 1.2% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 18,749 shares of the company’s stock valued at $1,718,000 after buying an additional 216 shares during the period. First Bank & Trust lifted its holdings in shares of Philip Morris International by 14.7% during the 1st quarter. First Bank & Trust now owns 45,417 shares of the company’s stock valued at $4,161,000 after buying an additional 5,824 shares during the period. Finally, Independence Bank of Kentucky lifted its holdings in shares of Philip Morris International by 34.6% during the 1st quarter. Independence Bank of Kentucky now owns 16,097 shares of the company’s stock valued at $1,475,000 after buying an additional 4,134 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 0.2 %

NYSE:PM traded down $0.24 during mid-day trading on Friday, hitting $101.33. 7,299,472 shares of the stock traded hands, compared to its average volume of 5,042,973. The stock has a market capitalization of $157.52 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.08 and a beta of 0.57. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $104.90. The firm’s 50 day moving average is $100.08 and its two-hundred day moving average is $94.94.

Philip Morris International (NYSE:PM) last issued 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. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate 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 revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and a consensus target price of $104.22.

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.