Philip Morris International Inc. (NYSE:PM) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lowered its stake in Philip Morris International Inc. (NYSE:PM) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,443 shares of the company’s stock after selling 6,168 shares during the period. 1834 Investment Advisors Co.’s holdings in Philip Morris International were worth $6,637,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of Philip Morris International by 3.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 578,829 shares of the company’s stock valued at $53,032,000 after purchasing an additional 18,258 shares during the period. BNP Paribas Financial Markets lifted its stake in Philip Morris International by 294.1% during the first quarter. BNP Paribas Financial Markets now owns 2,367,002 shares of the company’s stock valued at $216,865,000 after buying an additional 1,766,383 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Philip Morris International by 3.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 340,214 shares of the company’s stock worth $31,835,000 after buying an additional 10,955 shares during the period. Prosperity Consulting Group LLC increased its position in shares of Philip Morris International by 13.6% in the first quarter. Prosperity Consulting Group LLC now owns 13,291 shares of the company’s stock worth $1,218,000 after acquiring an additional 1,594 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of Philip Morris International by 1.6% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 73,821 shares of the company’s stock valued at $6,763,000 after acquiring an additional 1,155 shares during the period. 78.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’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 transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 0.7 %

Shares of Philip Morris International stock traded up $0.70 on Friday, hitting $102.12. 3,569,063 shares of the company traded hands, compared to its average volume of 4,377,470. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The company has a market cap of $158.75 billion, a PE ratio of 19.95, a PEG ratio of 2.08 and a beta of 0.58. The company has a 50-day moving average price of $100.60 and a 200 day moving average price of $95.18.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The firm 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price objective 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.22.

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.