Burns J W & Co. Inc. NY Sells 1,126 Shares of Philip Morris International Inc. (NYSE:PM)

Burns J W & Co. Inc. NY lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,371 shares of the company’s stock after selling 1,126 shares during the period. Burns J W & Co. Inc. NY’s holdings in Philip Morris International were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International during the fourth quarter worth about $33,000. Northwest Financial Advisors purchased a new stake in shares of Philip Morris International during the 4th quarter valued at $33,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter valued at $38,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $39,000. Finally, Quarry LP grew its position in Philip Morris International by 307.5% in the fourth 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Philip Morris International Stock Down 0.2 %

Shares of Philip Morris International stock traded down $0.24 during trading on Friday, reaching $101.33. 7,299,472 shares of the stock were exchanged, compared to its average volume of 5,042,973. The stock’s fifty day moving average is $100.08 and its 200 day moving average is $94.93. The firm has a market cap of $157.52 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the business posted $1.38 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Transactions 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 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 directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.