Concentrum Wealth Management Sells 1,031 Shares of Philip Morris International Inc. (NYSE:PM)

Concentrum Wealth Management reduced its stake in Philip Morris International Inc. (NYSE:PM) by 32.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,189 shares of the company’s stock after selling 1,031 shares during the quarter. Concentrum Wealth Management’s holdings in Philip Morris International were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Philip Morris International in the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International in the 4th quarter valued at $33,000. Legacy Financial Group LLC bought a new stake in Philip Morris International in the 3rd quarter valued at $37,000. Wetzel Investment Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. increased its holdings in Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after acquiring an additional 278 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s 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 sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, UBS Group downgraded shares of 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.50.

Philip Morris International Stock Up 1.9 %

NYSE:PM traded up $1.83 during mid-day trading on Thursday, hitting $97.88. 2,152,848 shares of the stock traded hands, compared to its average volume of 5,718,226. The stock has a market capitalization of $152.16 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.01 and a beta of 0.60. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.70. The firm’s 50 day moving average is $92.23 and its two-hundred day moving average is $92.25.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 6.3 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid 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 5.31%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Philip Morris International Company 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.