Bison Wealth LLC Sells 333 Shares of Philip Morris International Inc. (NYSE:PM)

Bison Wealth LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,511 shares of the company’s stock after selling 333 shares during the period. Bison Wealth LLC’s holdings in Philip Morris International were worth $663,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PM. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter worth about $33,000. Knuff & Co LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at about $36,000. Sierra Ocean LLC purchased a new position in shares of Philip Morris International during the fourth quarter valued at about $37,000. Finally, Transce3nd LLC bought a new position in Philip Morris International in the fourth quarter worth about $41,000. 78.63% of the stock is currently owned by institutional investors.

Insider Transactions at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last ninety days. Insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 0.7 %

Philip Morris International stock opened at $170.28 on Wednesday. Philip Morris International Inc. has a 12 month low of $94.42 and a 12 month high of $171.63. The stock has a fifty day simple moving average of $156.28 and a two-hundred day simple moving average of $138.39. The firm has a market cap of $265.04 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Philip Morris International’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.50 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. Philip Morris International’s payout ratio is 111.34%.

Analysts Set New Price Targets

PM has been the topic of several research reports. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $130.00 to $170.00 in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Finally, Citigroup increased their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $163.00.

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.