Smith Salley Wealth Management Trims Holdings in Philip Morris International Inc. (NYSE:PM)

Smith Salley Wealth Management lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 33.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,089 shares of the company’s stock after selling 2,013 shares during the period. Smith Salley Wealth Management’s holdings in Philip Morris International were worth $375,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC grew its holdings in shares of Philip Morris International by 0.6% during the 1st quarter. Smallwood Wealth Investment Management LLC now owns 17,495 shares of the company’s stock worth $1,603,000 after acquiring an additional 108 shares during the period. PFG Investments LLC boosted its position in shares of Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after purchasing an additional 109 shares in the last quarter. CGC Financial Services LLC boosted its position in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its position in shares of Philip Morris International by 4.7% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 2,460 shares of the company’s stock worth $225,000 after purchasing an additional 111 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in shares of Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted 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, 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $104.22.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was 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 $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Philip Morris International Trading Down 0.9 %

PM traded down $0.92 during trading on Tuesday, hitting $101.67. 4,459,974 shares of the company’s stock traded hands, compared to its average volume of 5,421,817. The company’s 50 day simple moving average is $100.74 and its two-hundred day simple moving average is $95.27. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The stock has a market capitalization of $158.05 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.10 and a beta of 0.58.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the firm earned $1.38 EPS. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.11%. Philip Morris International’s dividend payout ratio 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.