Unique Wealth Strategies LLC Takes $889,000 Position in Philip Morris International Inc. (NYSE:PM)

Unique Wealth Strategies LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,446 shares of the company’s stock, valued at approximately $889,000.

Other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC boosted its holdings in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV lifted its position in shares of Philip Morris International by 3.8% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after buying an additional 110 shares during the period. CGC Financial Services LLC grew its position in Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after acquiring an additional 110 shares during the period. Raleigh Capital Management Inc. raised its stake in Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after acquiring an additional 112 shares in the last quarter. Finally, Apexium Financial LP lifted its holdings in shares of Philip Morris International by 4.9% during the third quarter. Apexium Financial LP now owns 2,467 shares of the company’s stock valued at $229,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of several analyst reports. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.50.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’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 completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Werner Barth sold 5,000 shares of the 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 directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, 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. Insiders sold a total of 35,250 shares of company stock worth $3,339,528 in the last quarter. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Down 1.1 %

PM stock traded down $1.07 during trading on Friday, hitting $95.02. The company had a trading volume of 5,391,012 shares, compared to its average volume of 6,541,754. The firm has a 50-day moving average price of $91.90 and a 200-day moving average price of $92.20. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.79. The stock has a market cap of $147.71 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.03 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts expect that Philip Morris International Inc. will post 6.3 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.