Kathmere Capital Management LLC Has $443,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Kathmere Capital Management LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,833 shares of the company’s stock after selling 755 shares during the period. Kathmere Capital Management LLC’s holdings in Philip Morris International were worth $443,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. raised its holdings in Philip Morris International by 9.2% during the 1st quarter. Pinnacle Bancorp Inc. now owns 4,172 shares of the company’s stock worth $382,000 after buying an additional 352 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in Philip Morris International by 45.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 10,501 shares of the company’s stock worth $962,000 after buying an additional 3,280 shares during the period. Hennessy Advisors Inc. raised its holdings in Philip Morris International by 58.3% during the 1st quarter. Hennessy Advisors Inc. now owns 83,900 shares of the company’s stock worth $7,687,000 after buying an additional 30,900 shares during the period. Thrive Wealth Management LLC raised its holdings in Philip Morris International by 19.0% during the 1st quarter. Thrive Wealth Management LLC now owns 7,960 shares of the company’s stock worth $729,000 after buying an additional 1,272 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Philip Morris International by 3.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 226,472 shares of the company’s stock worth $20,749,000 after buying an additional 7,667 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’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 sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 0.2 %

NYSE:PM opened at $101.33 on Friday. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $104.90. The firm has a fifty day simple moving average of $100.08 and a 200 day simple moving average of $94.94. The stock has a market capitalization of $157.52 billion, a PE ratio of 19.79, a P/E/G ratio of 2.09 and a beta of 0.57.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the business earned $1.38 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio is 101.56%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PM. Stifel Nicolaus raised their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and a consensus price target of $104.22.

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.