Vaughan David Investments LLC IL Has $31.05 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Vaughan David Investments LLC IL raised its holdings in Philip Morris International Inc. (NYSE:PMFree Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,001 shares of the company’s stock after buying an additional 5,670 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Philip Morris International were worth $31,046,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Philip Morris International during the third quarter worth approximately $27,000. PCA Investment Advisory Services Inc. purchased a new position in shares of Philip Morris International during the 2nd quarter valued at $27,000. Tennessee Valley Asset Management Partners purchased a new stake in Philip Morris International during the 4th quarter worth about $33,000. DHJJ Financial Advisors Ltd. purchased a new stake in Philip Morris International during the 3rd quarter worth about $36,000. Finally, Legacy Financial Group LLC purchased a new stake in Philip Morris International during the 3rd quarter worth about $37,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.6 %

Shares of PM traded down $0.56 during midday trading on Friday, hitting $88.87. 5,516,104 shares of the company’s stock traded hands, compared to its average volume of 5,485,271. The firm’s fifty day moving average is $91.27 and its 200-day moving average is $92.10. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92. The stock has a market capitalization of $138.15 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.85%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Analyst Ratings Changes

Several equities analysts have recently commented on PM shares. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective 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 note on Tuesday, March 5th. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. One investment 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.40.

Read Our Latest Research Report on PM

Insider Transactions at Philip Morris International

In other news, insider Werner Barth sold 5,000 shares of the 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 completion of the sale, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,250 shares of company stock worth $1,411,128. Company insiders own 0.13% of the company’s stock.

Philip Morris International Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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