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:PMFree Report) 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.

Get Our Latest Research Report on Philip Morris International

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:PMGet Free Report) 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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PMFree Report).

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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