Reilly Financial Advisors LLC Sells 265 Shares of Philip Morris International Inc. (NYSE:PM)

Reilly Financial Advisors LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,971 shares of the company’s stock after selling 265 shares during the period. Reilly Financial Advisors LLC’s holdings in Philip Morris International were worth $253,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in shares of Philip Morris International by 25.6% during the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,920 shares of the company’s stock worth $419,000 after purchasing an additional 1,004 shares during the period. Hanson & Doremus Investment Management increased its stake in shares of Philip Morris International by 174.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 787 shares of the company’s stock worth $67,000 after purchasing an additional 500 shares during the period. Occidental Asset Management LLC increased its stake in shares of Philip Morris International by 105.4% during the fourth quarter. Occidental Asset Management LLC now owns 5,691 shares of the company’s stock worth $484,000 after purchasing an additional 2,920 shares during the period. Sciencast Management LP bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $2,609,000. Finally, Hemenway Trust Co LLC increased its stake in shares of Philip Morris International by 107.6% during the fourth quarter. Hemenway Trust Co LLC now owns 10,379 shares of the company’s stock worth $883,000 after purchasing an additional 5,379 shares during the period. Hedge funds and other institutional investors own 73.05% of the company’s stock.

Philip Morris International stock opened at $88.56 on Friday. The stock’s fifty day moving average price is $85.27 and its two-hundred day moving average price is $81.38. Philip Morris International Inc. has a one year low of $69.27 and a one year high of $92.74. The firm has a market cap of $136.26 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 17th. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.08. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The firm had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same quarter last year, the company earned $1.44 EPS. The company’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Philip Morris International Inc. will post 5.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 19th were paid a dividend of $1.17 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.68 dividend on an annualized basis and a yield of 5.28%. Philip Morris International’s dividend payout ratio (DPR) is presently 91.76%.

A number of equities analysts have recently weighed in on the company. Piper Sandler increased their target price on Philip Morris International from $105.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Citigroup lowered Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Monday, December 2nd. Bank of America upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Tuesday, October 1st. ValuEngine lowered Philip Morris International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 10th. Finally, Morgan Stanley increased their target price on Philip Morris International from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $95.17.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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