Legacy Financial Advisors Inc. Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Legacy Financial Advisors Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,854 shares of the company’s stock after buying an additional 663 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Philip Morris International were worth $645,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International in the third quarter worth approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International during the 4th quarter worth $33,000. Legacy Financial Group LLC purchased a new stake in shares of Philip Morris International during the third quarter worth $37,000. Wetzel Investment Advisors Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at about $39,000. Finally, McClarren Financial Advisors Inc. lifted its stake in Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on PM shares. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research note on Tuesday, February 13th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Price Performance

Shares of NYSE PM traded up $0.09 during mid-day trading on Friday, hitting $97.40. The company had a trading volume of 5,611,928 shares, compared to its average volume of 6,838,263. The company has a market capitalization of $151.41 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. The business’s 50-day simple moving average is $92.47 and its 200 day simple moving average is $92.31. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.70.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $8.44 billion. During the same quarter last year, the company 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, analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Activity

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is currently owned by corporate insiders.

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.