McGlone Suttner Wealth Management Inc. Increases Stake in Philip Morris International Inc. (NYSE:PM)

McGlone Suttner Wealth Management Inc. grew its position in Philip Morris International Inc. (NYSE:PM) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,476 shares of the company’s stock after acquiring an additional 359 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Philip Morris International were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Miller Wealth Management LLC increased its stake in Philip Morris International by 5.8% in the 4th quarter. Brown Miller Wealth Management LLC now owns 18,363 shares of the company’s stock worth $1,728,000 after buying an additional 1,012 shares during the period. SeaCrest Wealth Management LLC increased its stake in Philip Morris International by 32.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,127 shares of the company’s stock worth $2,681,000 after buying an additional 6,820 shares during the period. Uncommon Cents Investing LLC increased its stake in Philip Morris International by 35.9% in the 4th quarter. Uncommon Cents Investing LLC now owns 4,261 shares of the company’s stock worth $401,000 after buying an additional 1,125 shares during the period. Austin Private Wealth LLC increased its stake in Philip Morris International by 4.2% in the 4th quarter. Austin Private Wealth LLC now owns 3,028 shares of the company’s stock worth $285,000 after buying an additional 121 shares during the period. Finally, Strong Tower Advisory Services increased its stake in Philip Morris International by 6.1% in the 4th quarter. Strong Tower Advisory Services now owns 7,953 shares of the company’s stock worth $748,000 after buying an additional 460 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.7 %

Shares of NYSE:PM traded down $0.64 during trading on Thursday, reaching $91.59. The stock had a trading volume of 5,311,892 shares, compared to its average volume of 5,430,423. The company has a market capitalization of $142.19 billion, a P/E ratio of 18.31, a PEG ratio of 2.04 and a beta of 0.61. The firm’s 50-day simple moving average is $91.53 and its 200 day simple moving average is $92.47. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.36 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 analysts’ expectations of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. Equities research analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.40.

Insider Activity at Philip Morris International

In other Philip Morris International 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 completion of the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s 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 transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of Philip Morris International 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 disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock valued at $1,411,128 in the last three months. 0.13% of the stock is owned by insiders.

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.