CreativeOne Wealth LLC Reduces Stock Position in Philip Morris International Inc. (NYSE:PM)

CreativeOne Wealth LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,406 shares of the company’s stock after selling 3,020 shares during the period. CreativeOne Wealth LLC’s holdings in Philip Morris International were worth $1,073,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $33,000. Northwest Financial Advisors purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $39,000. Finally, McClarren Financial Advisors Inc. raised its position in 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 purchasing an additional 278 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, 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 have sold 35,250 shares of company stock worth $3,339,528 in the last quarter. 0.14% of the stock is owned by insiders.

Philip Morris International Stock Performance

NYSE PM traded up $0.83 during trading on Wednesday, reaching $101.06. 860,987 shares of the company’s stock were exchanged, compared to its average volume of 5,553,243. The company has a 50 day moving average price of $94.40 and a two-hundred day moving average price of $93.07. The stock has a market cap of $157.10 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.60. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.46.

Philip Morris International (NYSE:PMGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders 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 dividend yield of 5.15%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PM. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.50.

Read Our Latest Stock Report on Philip Morris International

Philip Morris International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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