Capital Analysts LLC Has $631,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Capital Analysts LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,705 shares of the company’s stock after selling 406 shares during the quarter. Capital Analysts LLC’s holdings in Philip Morris International were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PM. PCA Investment Advisory Services Inc. acquired a new position in Philip Morris International during the 2nd quarter valued at $27,000. Headlands Technologies LLC acquired a new position in Philip Morris International during the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the 4th quarter valued at $33,000. Legacy Financial Group LLC acquired a new position in Philip Morris International during the 3rd quarter valued at $37,000. Finally, Studio Investment Management LLC raised its stake in Philip Morris International by 33.8% during the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after purchasing an additional 108 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of PM stock opened at $89.50 on Wednesday. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92. The stock has a market cap of $139.13 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.85 and a beta of 0.61. The firm has a fifty day moving average of $91.09 and a 200-day moving average of $92.03.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The business had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 103.59%.

Wall Street Analysts Forecast Growth

PM has been the subject of several research analyst reports. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $105.40.

Insider Buying and Selling

In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock worth $1,411,128 in the last quarter. 0.13% of the stock is owned by corporate insiders.

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.