Vanguard Capital Wealth Advisors Has $523,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Vanguard Capital Wealth Advisors trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 6.7% in the fourth quarter, Holdings Channel reports. The firm owned 5,559 shares of the company’s stock after selling 398 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Philip Morris International were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. PFG Investments LLC raised its position in shares of Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after buying an additional 109 shares in the last quarter. CGC Financial Services LLC raised its position in Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after purchasing an additional 112 shares in the last quarter. Bluesphere Advisors LLC raised its position in Philip Morris International by 0.7% during the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after purchasing an additional 113 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its position in Philip Morris International by 0.4% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after purchasing an additional 113 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Down 0.7 %

Philip Morris International stock traded down $0.66 during trading hours on Tuesday, hitting $94.94. 6,588,060 shares of the stock traded hands, compared to its average volume of 5,754,313. The firm’s 50-day moving average price is $92.02 and its two-hundred day moving average price is $92.20. The company has a market cap of $147.59 billion, a PE ratio of 18.53, a PEG ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 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 firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the firm posted $1.38 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders 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 dividend yield of 5.48%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insider Transactions at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the business’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 sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were 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 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 hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock valued at $3,339,528 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PM. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Stifel Nicolaus lifted their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. One equities 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. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Hold” and an average 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.