Philip Morris International Inc. (NYSE:PM) Position Lowered by Seneca House Advisors

Seneca House Advisors decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,168 shares of the company’s stock after selling 1,273 shares during the period. Seneca House Advisors’ holdings in Philip Morris International were worth $748,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International during the fourth quarter worth about $33,000. Northwest Financial Advisors acquired a new stake in Philip Morris International during the fourth quarter worth about $33,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Philip Morris International during the fourth quarter worth about $38,000. Wetzel Investment Advisors Inc. acquired a new stake in Philip Morris International during the fourth quarter worth about $39,000. Finally, Quarry LP raised its stake in Philip Morris International by 307.5% during the fourth quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after acquiring an additional 329 shares during the period. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PM shares. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus raised 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 note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.22.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Philip Morris International Price Performance

Philip Morris International stock traded down $0.24 during midday trading on Friday, reaching $101.33. The stock had a trading volume of 7,299,472 shares, compared to its average volume of 5,042,973. The firm’s fifty day simple moving average is $100.08 and its two-hundred day simple moving average is $94.94. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90. The firm has a market cap of $157.52 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.08 and a beta of 0.57.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. 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 5.13%. Philip Morris International’s dividend 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.