McClarren Financial Advisors Inc. Purchases 278 Shares of Philip Morris International Inc. (NYSE:PM)

McClarren Financial Advisors Inc. boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 158.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 454 shares of the company’s stock after acquiring an additional 278 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Philip Morris International were worth $43,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in Philip Morris International by 13.6% in the third quarter. Proficio Capital Partners LLC now owns 3,547 shares of the company’s stock worth $328,000 after purchasing an additional 424 shares during the period. Koshinski Asset Management Inc. grew its holdings in shares of Philip Morris International by 5.9% in the third quarter. Koshinski Asset Management Inc. now owns 11,251 shares of the company’s stock worth $1,042,000 after purchasing an additional 622 shares during the last quarter. CX Institutional increased its stake in Philip Morris International by 444.5% in the 3rd quarter. CX Institutional now owns 37,937 shares of the company’s stock worth $3,512,000 after buying an additional 30,970 shares during the period. Coronation Fund Managers Ltd. increased its stake in Philip Morris International by 9.5% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 328,629 shares of the company’s stock worth $30,424,000 after buying an additional 28,470 shares during the period. Finally, Goldstein Advisors LLC lifted its holdings in Philip Morris International by 7.6% during the 3rd quarter. Goldstein Advisors LLC now owns 2,817 shares of the company’s stock valued at $261,000 after buying an additional 200 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on PM shares. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Stifel Nicolaus increased their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $105.50.

Insider Buying and Selling at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,250 shares of company stock worth $1,411,128. 0.13% of the stock is owned by insiders.

Philip Morris International Price Performance

NYSE PM traded down $2.93 during midday trading on Thursday, hitting $96.09. 7,416,363 shares of the company traded hands, compared to its average volume of 5,776,468. The company has a market cap of $149.38 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.05 and a beta of 0.61. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.79. The company’s 50-day simple moving average is $91.79 and its 200-day simple moving average is $92.18.

Philip Morris International (NYSE:PM) last posted 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 net margin of 9.83% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts predict that Philip Morris International Inc. will post 6.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 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.