D.A. Davidson & CO. Has $9.23 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

D.A. Davidson & CO. increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 98,075 shares of the company’s stock after purchasing an additional 2,140 shares during the period. D.A. Davidson & CO.’s holdings in Philip Morris International were worth $9,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Philip Morris International in the 3rd quarter valued at about $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the 4th quarter valued at about $33,000. Northwest Financial Advisors acquired a new stake in Philip Morris International in the 4th quarter valued at about $33,000. 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. increased its position in 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 acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus lifted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $105.50.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International 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 owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction 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 sale, 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 SEC, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the business’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 sale, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is currently owned by corporate insiders.

Philip Morris International Price Performance

Philip Morris International stock opened at $100.18 on Wednesday. The company’s 50 day simple moving average is $94.40 and its 200 day simple moving average is $93.07. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.46. The firm has a market capitalization of $155.74 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.12 and a beta of 0.60.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is currently 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.