Omnia Family Wealth LLC Reduces Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Omnia Family Wealth LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,281 shares of the company’s stock after selling 184 shares during the quarter. Omnia Family Wealth LLC’s holdings in Philip Morris International were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. grew its holdings in Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after buying an additional 13,416 shares during the period. Amica Mutual Insurance Co. grew its holdings in shares of Philip Morris International by 5.5% during the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after purchasing an additional 7,726 shares during the period. NewEdge Wealth LLC grew its holdings in shares of Philip Morris International by 69.9% during the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock worth $4,785,000 after purchasing an additional 20,918 shares during the period. Chiron Investment Management LLC grew its holdings in shares of Philip Morris International by 2.0% during the 3rd quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock worth $32,825,000 after purchasing an additional 6,981 shares during the period. Finally, Country Club Bank GFN grew its holdings in shares of Philip Morris International by 21.3% during the 4th quarter. Country Club Bank GFN now owns 77,246 shares of the company’s stock worth $7,267,000 after purchasing an additional 13,546 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Massimo Andolina sold 8,250 shares of the 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 $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,250 shares of company stock valued at $3,339,528. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on PM shares. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and reduced their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus boosted their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Stock Down 1.1 %

Shares of PM traded down $1.07 during trading on Friday, reaching $95.02. The company’s stock had a trading volume of 5,391,012 shares, compared to its average volume of 6,541,754. The company has a market cap of $147.71 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The company has a fifty day moving average of $91.90 and a two-hundred day moving average of $92.18.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared 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 dividend yield of 5.47%. 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.