Philip Morris International Inc. (NYSE:PM) Shares Sold by Blue Barn Wealth LLC

Blue Barn Wealth LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 38.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,294 shares of the company’s stock after selling 1,461 shares during the quarter. Blue Barn Wealth LLC’s holdings in Philip Morris International were worth $216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. raised its holdings 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 period. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $1,251,000. Amica Mutual Insurance Co. increased its holdings in Philip Morris International by 5.5% in the 3rd 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. AJOVista LLC acquired a new position in Philip Morris International during the fourth quarter worth $137,000. Finally, NewEdge Wealth LLC boosted its position in shares of Philip Morris International by 69.9% during the fourth quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock worth $4,785,000 after buying an additional 20,918 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction 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 sale, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is currently owned by insiders.

Philip Morris International Trading Up 0.7 %

NYSE:PM traded up $0.72 during trading hours on Wednesday, hitting $98.25. The company’s stock had a trading volume of 5,783,818 shares, compared to its average volume of 5,725,004. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.70. The stock has a market capitalization of $152.74 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60. The stock has a fifty day moving average of $92.76 and a 200-day moving average of $92.38.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 6.29 earnings per share 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 $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.29%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PM shares. 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 reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the company 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 company. According to MarketBeat, Philip Morris International presently has an average rating of “Hold” and a consensus target price of $105.50.

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.