9258 Wealth Management LLC Lowers Stock Holdings in Philip Morris International Inc. (NYSE:PM)

9258 Wealth Management LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 14.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,023 shares of the company’s stock after selling 873 shares during the quarter. 9258 Wealth Management LLC’s holdings in Philip Morris International were worth $460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kessler Investment Group LLC purchased a new position in Philip Morris International during the 1st quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH boosted its holdings in Philip Morris International by 250.0% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after acquiring an additional 230 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $33,000. Northwest Financial Advisors purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $33,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $38,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price objective on 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’s stock. According to MarketBeat.com, Philip Morris International has an average rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Price Performance

Shares of NYSE PM traded up $2.24 during midday trading on Thursday, hitting $105.00. 3,739,373 shares of the company’s stock were exchanged, compared to its average volume of 5,383,896. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $105.00. The company has a market cap of $163.23 billion, a PE ratio of 20.35, a P/E/G ratio of 2.11 and a beta of 0.58. The firm’s fifty day simple moving average is $101.01 and its 200-day simple moving average is $95.38.

Philip Morris International (NYSE:PM) last issued 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. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. Equities analysts anticipate that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.95%. The ex-dividend date was Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred 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 transaction, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate 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.