Tandem Investment Advisors Inc. Sells 314 Shares of Philip Morris International Inc. (NYSE:PM)

Tandem Investment Advisors Inc. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 13.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,004 shares of the company’s stock after selling 314 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Philip Morris International were worth $203,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PM. Bank of Nova Scotia lifted its position in Philip Morris International by 283.5% in the 4th quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock valued at $111,583,000 after acquiring an additional 876,790 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $5,634,000. Axxcess Wealth Management LLC grew its holdings in Philip Morris International by 25.4% during the first quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock worth $3,151,000 after buying an additional 6,974 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in Philip Morris International in the 4th quarter valued at $857,000. Finally, AJOVista LLC bought a new position in Philip Morris International during the 4th quarter valued at $137,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock traded up $0.74 during mid-day trading on Friday, reaching $123.29. The company’s stock had a trading volume of 5,602,949 shares, compared to its average volume of 4,567,073. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $123.45. The company has a market capitalization of $191.69 billion, a P/E ratio of 24.08, a PEG ratio of 2.41 and a beta of 0.58. The firm’s fifty day moving average price is $111.52 and its two-hundred day moving average price is $101.06.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the business earned $1.60 EPS. Philip Morris International’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.22%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Analyst Upgrades and Downgrades

Several research firms have commented on PM. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Barclays lifted their price target on Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Bank of America increased their price target on shares of Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.80.

Insider Activity

In other news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the transaction, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

About Philip Morris International

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.