Fernwood Investment Management LLC Buys 263 Shares of Philip Morris International Inc. (NYSE:PM)

Fernwood Investment Management LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,021 shares of the company’s stock after purchasing an additional 263 shares during the quarter. Philip Morris International makes up 0.8% of Fernwood Investment Management LLC’s holdings, making the stock its 27th biggest position. Fernwood Investment Management LLC’s holdings in Philip Morris International were worth $3,013,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Altrius Capital Management Inc boosted its position in shares of Philip Morris International by 1.8% during the fourth quarter. Altrius Capital Management Inc now owns 43,278 shares of the company’s stock valued at $4,072,000 after buying an additional 754 shares during the period. Bluesphere Advisors LLC lifted its position in shares of Philip Morris International by 0.7% during the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock worth $1,599,000 after purchasing an additional 113 shares during the last quarter. Choreo LLC increased its stake in Philip Morris International by 4.8% in the 4th quarter. Choreo LLC now owns 22,413 shares of the company’s stock worth $2,138,000 after buying an additional 1,017 shares during the period. Mather Group LLC. lifted its holdings in Philip Morris International by 23.5% during the 4th quarter. Mather Group LLC. now owns 10,142 shares of the company’s stock valued at $954,000 after buying an additional 1,932 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its stake in shares of Philip Morris International by 3.8% during the fourth quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock valued at $1,030,000 after acquiring an additional 404 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s 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 completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.14% of the stock is owned by company insiders.

Philip Morris International Trading Up 0.6 %

Shares of NYSE PM traded up $0.57 during midday trading on Monday, reaching $95.59. The company had a trading volume of 3,510,833 shares, compared to its average volume of 5,744,145. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The business’s 50-day simple moving average is $91.90 and its 200 day simple moving average is $92.18. The stock has a market cap of $148.60 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping 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 9.83%. The company had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the business posted $1.38 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts predict that Philip Morris International Inc. will post 6.3 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.44%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus raised their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Finally, UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. 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. According to data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and a consensus target price of $105.50.

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.