Cypress Wealth Services LLC Has $581,000 Stake in Philip Morris International Inc. (NYSE:PM)

Cypress Wealth Services LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,339 shares of the company’s stock after selling 484 shares during the quarter. Cypress Wealth Services LLC’s holdings in Philip Morris International were worth $581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International in the 4th quarter worth about $33,000. Northwest Financial Advisors bought a new position in shares of Philip Morris International in the 4th quarter worth about $33,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth about $38,000. Wetzel Investment Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth about $39,000. Finally, Quarry LP raised its position in shares of Philip Morris International by 307.5% in the 4th quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after acquiring an additional 329 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PM shares. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.22.

Insider Activity at Philip Morris International

In other Philip Morris International 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 transaction of $1,928,400.00. Following the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

PM traded down $0.21 during midday trading on Friday, reaching $101.36. 1,507,699 shares of the company were exchanged, compared to its average volume of 5,455,542. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90. The company’s fifty day moving average price is $99.72 and its 200 day moving average price is $94.82. The company has a market cap of $157.57 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the business earned $1.38 earnings per share. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.13%. Philip Morris International’s payout ratio is 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.