Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Holdings in Philip Morris International Inc. (NYSE:PM)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506,545 shares of the company’s stock after acquiring an additional 23,068 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Philip Morris International were worth $46,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Roble Belko & Company Inc lifted its holdings in Philip Morris International by 71.4% in the 4th quarter. Roble Belko & Company Inc now owns 2,400 shares of the company’s stock worth $226,000 after buying an additional 1,000 shares during the period. PDS Planning Inc lifted its holdings in Philip Morris International by 12.8% in the 4th quarter. PDS Planning Inc now owns 4,087 shares of the company’s stock worth $384,000 after buying an additional 463 shares during the period. RWA Wealth Partners LLC lifted its holdings in Philip Morris International by 40.7% in the 4th quarter. RWA Wealth Partners LLC now owns 12,303 shares of the company’s stock worth $1,157,000 after buying an additional 3,556 shares during the period. Sage Mountain Advisors LLC lifted its holdings in Philip Morris International by 19.2% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,519 shares of the company’s stock worth $331,000 after buying an additional 566 shares during the period. Finally, Mengis Capital Management Inc. lifted its stake in shares of Philip Morris International by 1.3% in the 4th quarter. Mengis Capital Management Inc. now owns 44,824 shares of the company’s stock valued at $4,217,000 after purchasing an additional 575 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PM shares. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. Finally, UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.40.

Insiders Place Their Bets

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,250 shares of company stock valued at $1,411,128. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Price Performance

PM stock traded up $0.30 on Monday, reaching $94.07. 8,655,953 shares of the company traded hands, compared to its average volume of 5,558,729. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The company has a market cap of $146.24 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. The firm has a fifty day simple moving average of $91.29 and a 200-day simple moving average of $92.06.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share 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 company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the business earned $1.39 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that Philip Morris International Inc. will post 6.38 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is 103.59%.

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.