9,446 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,446 shares of the company’s stock, valued at approximately $889,000.

Several other hedge funds have also recently added to or reduced their stakes in PM. Headlands Technologies LLC purchased a new position in shares of Philip Morris International during the 3rd quarter worth approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International during the 4th quarter valued at $33,000. Legacy Financial Group LLC purchased a new position in Philip Morris International during the third quarter worth $37,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Philip Morris International in the fourth quarter worth $39,000. Finally, McClarren Financial Advisors Inc. lifted its position in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after acquiring an additional 278 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.1 %

Shares of NYSE PM traded down $1.07 during trading on Friday, hitting $95.02. 5,391,012 shares of the company traded hands, compared to its average volume of 6,541,754. The firm has a market capitalization of $147.71 billion, a P/E ratio of 18.55, a P/E/G ratio of 2.03 and a beta of 0.61. The company has a 50-day moving average price of $91.90 and a 200-day moving average price of $92.20. 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 issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. Research analysts predict that Philip Morris International Inc. will post 6.3 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. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’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 sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,250 shares of company stock worth $3,339,528. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PM. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group lowered 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 report on Tuesday, January 23rd. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.50.

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.