Brown Miller Wealth Management LLC Increases Stock Position in Philip Morris International Inc. (NYSE:PM)

Brown Miller Wealth Management LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,363 shares of the company’s stock after buying an additional 1,012 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Philip Morris International were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC raised its holdings in Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after acquiring an additional 108 shares during the period. PFG Investments LLC grew its holdings in Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its position in Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after buying an additional 110 shares during the period. CGC Financial Services LLC boosted its position in shares of Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after acquiring an additional 110 shares during the period. Finally, Corrigan Financial Inc. grew its stake in shares of Philip Morris International by 2.5% in the second quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock worth $449,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Down 0.7 %

Shares of NYSE PM traded down $0.64 during midday trading on Thursday, reaching $91.59. The company’s stock had a trading volume of 5,311,892 shares, compared to its average volume of 5,430,423. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92. The stock has a 50 day simple moving average of $91.53 and a 200-day simple moving average of $92.47. The stock has a market capitalization of $142.19 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.04 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. As a group, equities analysts anticipate that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.68%. The ex-dividend date is Wednesday, March 20th. Philip Morris International’s payout ratio is presently 103.59%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, November 29th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Hold” and a consensus target price of $105.40.

Philip Morris International 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.