Financial Management Professionals Inc. Purchases 356 Shares of Philip Morris International Inc. (NYSE:PM)

Posted by Casey Walker on Mar 19th, 2023

Financial Management Professionals Inc. boosted its position in Philip Morris International Inc. (NYSE:PM – Get Rating) by 7.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,416 shares of the company’s stock after acquiring an additional 356 shares during the period. Financial Management Professionals Inc.’s holdings in Philip Morris International were worth $548,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter worth about $25,000. My Personal CFO LLC purchased a new stake in shares of Philip Morris International in the 4th quarter worth about $31,000. Asset Dedication LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter worth about $36,000. EdgeRock Capital LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter worth about $39,000. Finally, Annapolis Financial Services LLC lifted its position in shares of Philip Morris International by 188.8% in the 3rd quarter. Annapolis Financial Services LLC now owns 488 shares of the company’s stock worth $41,000 after purchasing an additional 319 shares during the period. Institutional investors own 75.85% of the company’s stock.

Philip Morris International Stock Down 0.6 %

Philip Morris International stock traded down $0.60 during trading hours on Friday, hitting $94.79. The stock had a trading volume of 18,801,437 shares, compared to its average volume of 4,253,055. The stock has a market capitalization of $146.95 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 3.03 and a beta of 0.69. Philip Morris International Inc. has a 12-month low of $82.85 and a 12-month high of $109.81. The stock’s 50-day moving average price is $100.69 and its 200-day moving average price is $96.75.

Philip Morris International (NYSE:PM – Get Rating) last issued its earnings results on Thursday, February 9th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. Philip Morris International had a net margin of 11.22% and a negative return on equity of 127.24%. The business had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $7.54 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd will be paid a $1.27 dividend. The ex-dividend date is Wednesday, March 22nd. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.36%. Philip Morris International’s dividend payout ratio is presently 87.44%.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Philip Morris International in a research report on Thursday. They set a “hold” rating for the company. Citigroup reissued a “neutral” rating and set a $109.00 price target on shares of Philip Morris International in a research report on Tuesday, December 13th. Jefferies Financial Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and lifted their price target for the company from $86.00 to $118.00 in a research report on Thursday, January 19th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $95.00 to $109.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. Finally, The Goldman Sachs Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.00 to $120.00 in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Hold” and an average target price of $109.73.

Insider Transactions at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 80,000 shares of Philip Morris International stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $100.35, for a total value of $8,028,000.00. Following the completion of the sale, the chairman now directly owns 1,007,048 shares in the company, valued at $101,057,266.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Andre Calantzopoulos sold 80,000 shares of Philip Morris International stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $100.35, for a total value of $8,028,000.00. Following the completion of the sale, the chairman now directly owns 1,007,048 shares in the company, valued at $101,057,266.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Werner Barth sold 8,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $98.35, for a total transaction of $786,800.00. Following the completion of the sale, the insider now owns 87,321 shares of the company’s stock, valued at $8,588,020.35. The disclosure for this sale can be found here. Insiders sold 117,064 shares of company stock worth $11,738,763 over the last three months. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Company Profile

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.