SeaCrest Wealth Management LLC Has $2.68 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

SeaCrest Wealth Management LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,127 shares of the company’s stock after buying an additional 6,820 shares during the period. SeaCrest Wealth Management LLC’s holdings in Philip Morris International were worth $2,681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Studio Investment Management LLC grew its holdings in shares of Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after buying an additional 108 shares in the last quarter. PFG Investments LLC grew its stake in shares of Philip Morris International by 1.9% during the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after acquiring an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its holdings in shares of Philip Morris International by 3.8% in the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after purchasing an additional 110 shares during the last quarter. CGC Financial Services LLC lifted its position in shares of Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares in the last quarter. Finally, Corrigan Financial Inc. boosted its holdings in Philip Morris International by 2.5% during the second quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock worth $449,000 after purchasing an additional 112 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’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 completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 over the last quarter. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock traded down $0.61 during midday trading on Friday, reaching $91.62. 5,311,911 shares of the company’s stock were exchanged, compared to its average volume of 6,349,124. The stock’s 50-day simple moving average is $91.53 and its 200 day simple moving average is $92.47. The firm has a market cap of $142.24 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.08 and a beta of 0.61. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.92.

Philip Morris International (NYSE:PM) last posted its earnings results 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 negative return on equity of 116.29% and a net margin of 8.53%. The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. Research analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.68%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PM. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group downgraded 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 report on Tuesday, January 23rd. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. One 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, the company presently has a consensus rating of “Hold” and a consensus price target of $105.40.

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.