Philip Morris International Inc. (NYSE:PM) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 53.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,294 shares of the company’s stock after selling 5,000 shares during the period. TRUE Private Wealth Advisors’ holdings in Philip Morris International were worth $521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. EverSource Wealth Advisors LLC lifted its holdings in shares of Philip Morris International by 7.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $523,000 after purchasing an additional 390 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Philip Morris International by 15.6% in the second quarter. Kathmere Capital Management LLC now owns 5,588 shares of the company’s stock valued at $526,000 after acquiring an additional 755 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in shares of Philip Morris International by 17.5% during the second quarter. Transcend Capital Advisors LLC now owns 8,572 shares of the company’s stock worth $869,000 after acquiring an additional 1,276 shares during the period. GAMMA Investing LLC raised its holdings in Philip Morris International by 67.7% during the second quarter. GAMMA Investing LLC now owns 14,802 shares of the company’s stock worth $1,500,000 after purchasing an additional 5,976 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Philip Morris International by 1.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 39,161 shares of the company’s stock worth $3,968,000 after purchasing an additional 378 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

PM stock opened at $133.06 on Friday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The firm has a market capitalization of $206.89 billion, a PE ratio of 21.12, a P/E/G ratio of 2.31 and a beta of 0.54. The company’s 50 day simple moving average is $125.74 and its 200-day simple moving average is $115.77.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter last year, the business posted $1.67 earnings per share. Philip Morris International’s revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.06%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s dividend payout ratio is 85.71%.

Insiders Place Their Bets

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the sale, the insider now directly owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on PM. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Bank of America increased their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.50.

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.