Forthright Family Wealth Advisory LLC Buys Shares of 10,002 Philip Morris International Inc. (NYSE:PM)

Forthright Family Wealth Advisory LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,002 shares of the company’s stock, valued at approximately $941,000. Philip Morris International comprises 0.7% of Forthright Family Wealth Advisory LLC’s holdings, making the stock its 28th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in PM. Bank of Nova Scotia raised its stake in shares of Philip Morris International by 283.5% during the fourth quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock valued at $111,583,000 after purchasing an additional 876,790 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Philip Morris International by 2.3% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after purchasing an additional 13,416 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $1,251,000. Nebula Research & Development LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $857,000. Finally, AJOVista LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $137,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

PM traded up $0.22 on Friday, hitting $102.20. The company had a trading volume of 5,643,631 shares, compared to its average volume of 4,463,426. The company’s fifty day moving average price is $97.85 and its 200 day moving average price is $94.32. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $104.90. The stock has a market cap of $158.88 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57.

Philip Morris International (NYSE:PM) last posted 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. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the company earned $1.38 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.09%. Philip Morris International’s payout ratio is presently 101.56%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.50.

Insider Transactions at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Philip Morris International Company 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.