Cwm LLC Increases Stock Position in Philip Morris International Inc. (NYSE:PM)

Cwm LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 32.5% during the fourth quarter, HoldingsChannel reports. The firm owned 45,738 shares of the company’s stock after buying an additional 11,228 shares during the period. Cwm LLC’s holdings in Philip Morris International were worth $4,303,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Philip Morris International in the third quarter worth $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International in the fourth quarter worth $33,000. Legacy Financial Group LLC purchased a new position in shares of Philip Morris International in the third quarter worth $37,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth $39,000. Finally, Activest Wealth Management increased its stake in shares of Philip Morris International by 1,685.7% in the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock worth $47,000 after buying an additional 472 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Philip Morris International

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

Philip Morris International Price Performance

PM opened at $97.66 on Wednesday. The stock has a 50-day moving average price of $91.46 and a 200-day moving average price of $92.10. The firm has a market cap of $151.82 billion, a PE ratio of 19.45, a P/E/G ratio of 1.97 and a beta of 0.61. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. Philip Morris International’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.36 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 103.59%.

Analyst Upgrades and Downgrades

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

Philip Morris International 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.