Omnia Family Wealth LLC Sells 184 Shares of Philip Morris International Inc. (NYSE:PM)

Omnia Family Wealth LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 5.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,281 shares of the company’s stock after selling 184 shares during the quarter. Omnia Family Wealth LLC’s holdings in Philip Morris International were worth $313,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PM. Ropes Wealth Advisors LLC increased its holdings in Philip Morris International by 30.2% in the third quarter. Ropes Wealth Advisors LLC now owns 6,089 shares of the company’s stock valued at $564,000 after purchasing an additional 1,412 shares during the period. Trust Co. of Toledo NA OH grew its stake in shares of Philip Morris International by 29.5% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 3,306 shares of the company’s stock valued at $306,000 after buying an additional 754 shares during the period. Uncommon Cents Investing LLC lifted its position in Philip Morris International by 38.4% in the 3rd quarter. Uncommon Cents Investing LLC now owns 3,136 shares of the company’s stock valued at $290,000 after acquiring an additional 870 shares in the last quarter. My Legacy Advisors LLC lifted its position in Philip Morris International by 2.9% in the 3rd quarter. My Legacy Advisors LLC now owns 7,656 shares of the company’s stock valued at $695,000 after acquiring an additional 216 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV lifted its position in Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after acquiring an additional 110 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their target price 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 issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.50.

Insider Activity at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the firm’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 completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock valued at $3,339,528 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 1.1 %

Shares of NYSE PM traded down $1.07 on Friday, reaching $95.02. 5,391,012 shares of the company’s stock traded hands, compared to its average volume of 6,541,754. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.79. The business’s 50 day simple moving average is $91.90 and its two-hundred day simple moving average is $92.18. The company has a market cap of $147.71 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last announced 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 business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 earnings per share. Analysts forecast that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

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.