Valeo Financial Advisors LLC Has $4.17 Million Stake in Philip Morris International Inc. (NYSE:PM)

Valeo Financial Advisors LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 9.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 45,558 shares of the company’s stock after selling 4,591 shares during the period. Valeo Financial Advisors LLC’s holdings in Philip Morris International were worth $4,174,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the fourth quarter valued at $33,000. Northwest Financial Advisors acquired a new stake in Philip Morris International in the fourth quarter valued at $33,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $38,000. Wetzel Investment Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $39,000. Finally, Quarry LP lifted its stake in Philip Morris International by 307.5% in the fourth quarter. Quarry LP now owns 436 shares of the company’s stock valued at $41,000 after acquiring an additional 329 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PM. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.22.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred 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 sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Down 0.2 %

PM stock traded down $0.22 during mid-day trading on Wednesday, hitting $101.42. The stock had a trading volume of 1,645,530 shares, compared to its average volume of 5,438,770. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $104.90. The firm has a market capitalization of $157.66 billion, a P/E ratio of 19.89, a P/E/G ratio of 2.08 and a beta of 0.58. The firm has a fifty day simple moving average of $100.30 and a 200 day simple moving average of $95.04.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be paid 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 5.13%. 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.