TCI Wealth Advisors Inc. Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

TCI Wealth Advisors Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,982 shares of the company’s stock after purchasing an additional 195 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Philip Morris International were worth $456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. Primoris Wealth Advisors LLC acquired a new position in Philip Morris International during the 1st quarter valued at approximately $1,215,000. Susquehanna Fundamental Investments LLC acquired a new position in Philip Morris International during the 1st quarter valued at approximately $37,860,000. KCM Investment Advisors LLC boosted its position in Philip Morris International by 2.8% during the 1st quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock valued at $354,000 after purchasing an additional 104 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in Philip Morris International during the 1st quarter valued at approximately $825,000. Finally, Oppenheimer & Co. Inc. boosted its position in Philip Morris International by 6.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 75,137 shares of the company’s stock valued at $6,884,000 after purchasing an additional 4,625 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.22.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 0.9 %

PM stock traded up $0.95 during mid-day trading on Friday, hitting $105.95. The stock had a trading volume of 3,541,781 shares, compared to its average volume of 4,513,701. The company has a fifty day moving average of $101.33 and a 200 day moving average of $95.57. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $106.63. The stock has a market capitalization of $164.71 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.18 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Investors 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 4.91%. Philip Morris International’s dividend payout ratio is 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.