Tyche Wealth Partners LLC Takes $1.89 Million Position in Philip Morris International Inc. (NYSE:PM)

Tyche Wealth Partners LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 20,039 shares of the company’s stock, valued at approximately $1,885,000.

Several other institutional investors have also recently modified their holdings of PM. Headlands Technologies LLC purchased a new stake in Philip Morris International during the 3rd quarter valued at about $27,000. PCA Investment Advisory Services Inc. purchased a new stake in Philip Morris International during the 2nd quarter valued at about $27,000. Tennessee Valley Asset Management Partners purchased a new stake in Philip Morris International during the 4th quarter valued at about $33,000. DHJJ Financial Advisors Ltd. purchased a new stake in Philip Morris International in the 3rd quarter worth approximately $36,000. Finally, Legacy Financial Group LLC purchased a new stake in Philip Morris International in the 3rd quarter worth approximately $37,000. 78.63% of the stock is currently owned by institutional investors.

Insider Transactions at Philip Morris International

In related 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 sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’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 value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, 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 valued at $1,411,128 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 1.0 %

NYSE:PM traded up $0.90 during mid-day trading on Tuesday, hitting $89.50. 4,617,301 shares of the company traded hands, compared to its average volume of 5,504,728. The stock’s fifty day moving average price is $91.13 and its 200-day moving average price is $92.05. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92. The firm has a market cap of $139.13 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released 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). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts predict that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 103.59%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PM. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research report on Tuesday, February 13th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.40.

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.