Investors Asset Management of Georgia Inc. GA ADV Has $1.82 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Investors Asset Management of Georgia Inc. GA ADV increased its position in Philip Morris International Inc. (NYSE:PM) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,359 shares of the company’s stock after purchasing an additional 500 shares during the period. Philip Morris International makes up 0.9% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 25th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Philip Morris International were worth $1,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ferguson Wellman Capital Management Inc. raised its position in Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after buying an additional 13,416 shares during the last quarter. Amica Mutual Insurance Co. lifted its holdings in Philip Morris International by 5.5% during the third quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock valued at $13,655,000 after purchasing an additional 7,726 shares during the last quarter. NewEdge Wealth LLC raised its stake in shares of Philip Morris International by 69.9% during the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock valued at $4,785,000 after purchasing an additional 20,918 shares during the period. Chiron Investment Management LLC raised its holdings in shares of Philip Morris International by 2.0% in the 3rd quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock valued at $32,825,000 after acquiring an additional 6,981 shares in the last quarter. Finally, Country Club Bank GFN lifted its position in Philip Morris International by 21.3% during the fourth quarter. Country Club Bank GFN now owns 77,246 shares of the company’s stock valued at $7,267,000 after purchasing an additional 13,546 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the transaction, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,250 shares of company stock valued at $1,411,128. Company insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

PM traded up $0.31 during trading on Thursday, hitting $90.89. 1,872,643 shares of the stock traded hands, compared to its average volume of 5,445,099. The firm has a market capitalization of $141.29 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.92. The firm has a 50-day moving average of $91.07 and a 200 day moving average of $92.02.

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

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders 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 yield of 5.72%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is currently 103.59%.

Analysts Set New Price Targets

A number of research firms recently commented on PM. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $105.40.

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.