Claro Advisors LLC Buys 142 Shares of Philip Morris International Inc. (NYSE:PM)

Claro Advisors LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,336 shares of the company’s stock after acquiring an additional 142 shares during the period. Claro Advisors LLC’s holdings in Philip Morris International were worth $672,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PM. Miracle Mile Advisors LLC purchased a new position in Philip Morris International during the first quarter valued at approximately $201,000. Kowal Investment Group LLC grew its stake in Philip Morris International by 18.7% during the first quarter. Kowal Investment Group LLC now owns 12,855 shares of the company’s stock valued at $1,178,000 after acquiring an additional 2,029 shares in the last quarter. BKM Wealth Management LLC grew its stake in Philip Morris International by 69.6% during the first quarter. BKM Wealth Management LLC now owns 2,970 shares of the company’s stock valued at $272,000 after acquiring an additional 1,219 shares in the last quarter. Mayfair Advisory Group LLC grew its stake in Philip Morris International by 3.2% during the first quarter. Mayfair Advisory Group LLC now owns 4,608 shares of the company’s stock valued at $422,000 after acquiring an additional 142 shares in the last quarter. Finally, SteelPeak Wealth LLC grew its stake in Philip Morris International by 14.5% during the first quarter. SteelPeak Wealth LLC now owns 41,636 shares of the company’s stock valued at $3,869,000 after acquiring an additional 5,260 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent research reports. Argus restated a “hold” rating on shares of Philip Morris International in a 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 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $104.22.

Philip Morris International Stock Down 0.1 %

Shares of PM stock traded down $0.08 during trading hours on Monday, hitting $101.25. 2,906,200 shares of the company’s stock traded hands, compared to its average volume of 5,481,481. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The stock has a market cap of $157.40 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.08 and a beta of 0.58. The stock’s fifty day simple moving average is $100.08 and its two-hundred day simple moving average is $94.94.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the business earned $1.38 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.14%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

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.