Sheets Smith Wealth Management Sells 222 Shares of Philip Morris International Inc. (NYSE:PM)

Sheets Smith Wealth Management trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,616 shares of the company’s stock after selling 222 shares during the quarter. Sheets Smith Wealth Management’s holdings in Philip Morris International were worth $434,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PM. Headlands Technologies LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter worth $27,000. Tennessee Valley Asset Management Partners bought a new position in Philip Morris International during the 4th quarter worth about $33,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International during the 4th quarter valued at about $39,000. McClarren Financial Advisors Inc. raised its holdings in shares of Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after purchasing an additional 278 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of Philip Morris International by 1,685.7% in the 4th quarter. Activest Wealth Management now owns 500 shares of the company’s stock worth $47,000 after purchasing an additional 472 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the subject of a number of analyst reports. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale upgraded 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. Stifel Nicolaus increased their price target 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. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $105.50.

Insider Activity at Philip Morris International

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 stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $97.50 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.70. The company has a market cap of $151.57 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60. The firm has a 50-day simple moving average of $92.61 and a two-hundred day simple moving average of $92.35.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.33%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.