McGlone Suttner Wealth Management Inc. Purchases 359 Shares of Philip Morris International Inc. (NYSE:PM)

McGlone Suttner Wealth Management Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,476 shares of the company’s stock after buying an additional 359 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Philip Morris International were worth $421,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Brown Miller Wealth Management LLC grew its position in Philip Morris International by 5.8% during the fourth quarter. Brown Miller Wealth Management LLC now owns 18,363 shares of the company’s stock worth $1,728,000 after buying an additional 1,012 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Philip Morris International by 32.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,127 shares of the company’s stock worth $2,681,000 after buying an additional 6,820 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Philip Morris International by 35.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 4,261 shares of the company’s stock worth $401,000 after buying an additional 1,125 shares in the last quarter. Austin Private Wealth LLC grew its position in Philip Morris International by 4.2% during the fourth quarter. Austin Private Wealth LLC now owns 3,028 shares of the company’s stock worth $285,000 after buying an additional 121 shares in the last quarter. Finally, Strong Tower Advisory Services boosted its holdings in shares of Philip Morris International by 6.1% in the 4th quarter. Strong Tower Advisory Services now owns 7,953 shares of the company’s stock valued at $748,000 after purchasing an additional 460 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PM shares. JPMorgan Chase & Co. raised their target price on Philip Morris International from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $105.40.

Insider Buying and Selling

In related news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on 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 owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.64 during mid-day trading on Thursday, hitting $91.59. The company’s stock had a trading volume of 5,311,892 shares, compared to its average volume of 5,430,423. The company’s fifty day simple moving average is $91.53 and its 200-day simple moving average is $92.47. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.92. The company has a market cap of $142.19 billion, a PE ratio of 18.31, a P/E/G ratio of 2.04 and a beta of 0.61.

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

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 21st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.68%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

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.