Buckley Wealth Management LLC Decreases Stake in Philip Morris International Inc. (NYSE:PM)

Buckley Wealth Management LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,712 shares of the company’s stock after selling 156 shares during the period. Buckley Wealth Management LLC’s holdings in Philip Morris International were worth $443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Studio Investment Management LLC boosted its holdings in shares of Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after buying an additional 108 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its holdings in shares of Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after buying an additional 110 shares in the last quarter. CGC Financial Services LLC boosted its holdings in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after buying an additional 110 shares in the last quarter. Finally, Corrigan Financial Inc. boosted its holdings in shares of Philip Morris International by 2.5% in the 2nd quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock valued at $449,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 in the last ninety days. Insiders own 0.15% of the company’s stock.

Philip Morris International Trading Up 2.0 %

Shares of PM traded up $1.85 during trading hours on Wednesday, reaching $92.23. The company had a trading volume of 8,796,466 shares, compared to its average volume of 5,432,861. The firm has a 50 day simple moving average of $91.56 and a 200-day simple moving average of $92.48. The company has a market capitalization of $143.18 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.06 and a beta of 0.61. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.92.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The business had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. Philip Morris International’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. Sell-side analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be paid a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.64%. Philip Morris International’s dividend payout ratio is currently 103.59%.

Wall Street Analyst Weigh In

Several analysts recently commented on PM shares. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their price target for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $105.40.

About Philip Morris International

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.