Wealth Alliance Has $2.62 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Wealth Alliance grew its position in Philip Morris International Inc. (NYSE:PM) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,817 shares of the company’s stock after purchasing an additional 123 shares during the period. Wealth Alliance’s holdings in Philip Morris International were worth $2,617,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Philip Morris International by 2.3% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after acquiring an additional 13,416 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Philip Morris International during the 3rd quarter worth about $11,288,000. Amica Mutual Insurance Co. boosted its stake in shares of Philip Morris International by 5.5% during the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after acquiring an additional 7,726 shares in the last quarter. NewEdge Wealth LLC boosted its stake in shares of Philip Morris International by 69.9% during the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock worth $4,785,000 after acquiring an additional 20,918 shares in the last quarter. Finally, Chiron Investment Management LLC boosted its stake in Philip Morris International by 2.0% during the 3rd quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock valued at $32,825,000 after purchasing an additional 6,981 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PM. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.40.

Philip Morris International Trading Up 0.8 %

Shares of NYSE:PM traded up $0.70 during midday trading on Tuesday, hitting $89.30. The company had a trading volume of 2,211,299 shares, compared to its average volume of 5,470,137. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.92. The stock has a market cap of $138.82 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 2.01 and a beta of 0.61. The firm has a fifty day simple moving average of $91.13 and a 200 day simple moving average of $92.05.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. Equities analysts forecast that Philip Morris International Inc. will post 6.37 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.82%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, 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 have sold 15,250 shares of company stock valued at $1,411,128 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Company 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.