Fiducient Advisors LLC Has $547,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Fiducient Advisors LLC reduced its position in Philip Morris International Inc. (NYSE:PM) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,810 shares of the company’s stock after selling 413 shares during the period. Fiducient Advisors LLC’s holdings in Philip Morris International were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Parthenon LLC boosted its position in shares of Philip Morris International by 0.6% in the 4th quarter. Parthenon LLC now owns 33,049 shares of the company’s stock worth $3,109,000 after purchasing an additional 204 shares during the last quarter. Hartford Funds Management Co LLC boosted its position in shares of Philip Morris International by 34.1% in the 4th quarter. Hartford Funds Management Co LLC now owns 7,066 shares of the company’s stock worth $665,000 after purchasing an additional 1,795 shares during the last quarter. Savant Capital LLC boosted its position in shares of Philip Morris International by 3.9% in the 4th quarter. Savant Capital LLC now owns 42,722 shares of the company’s stock worth $4,019,000 after purchasing an additional 1,608 shares during the last quarter. Alpha Cubed Investments LLC boosted its position in shares of Philip Morris International by 5.6% in the 4th quarter. Alpha Cubed Investments LLC now owns 3,847 shares of the company’s stock worth $362,000 after purchasing an additional 205 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Philip Morris International by 25.2% in the 4th quarter. Brighton Jones LLC now owns 7,284 shares of the company’s stock worth $685,000 after purchasing an additional 1,467 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated 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 sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Price Performance

Shares of PM traded down $0.66 during midday trading on Tuesday, hitting $94.94. The stock had a trading volume of 6,414,739 shares, compared to its average volume of 5,754,313. The company has a 50 day simple moving average of $92.12 and a two-hundred day simple moving average of $92.22. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The firm has a market cap of $147.59 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

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

Philip Morris International Dividend Announcement

The business 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. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

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.