Philip Morris International Inc. (NYSE:PM) Shares Sold by LVW Advisors LLC

LVW Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 32.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,761 shares of the company’s stock after selling 3,220 shares during the quarter. LVW Advisors LLC’s holdings in Philip Morris International were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $33,000. Northwest Financial Advisors acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $33,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $38,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $39,000. Finally, Quarry LP increased its position in shares of Philip Morris International by 307.5% during the 4th quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after purchasing an additional 329 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PM. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus raised their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Hold” and a consensus price target of $104.22.

Insider Buying and Selling

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 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 in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

Shares of PM opened at $101.25 on Tuesday. The stock has a 50-day simple moving average of $100.08 and a 200-day simple moving average of $94.94. The stock has a market capitalization of $157.40 billion, a PE ratio of 19.78, a PEG ratio of 2.08 and a beta of 0.57. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90.

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

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.14%. The ex-dividend date is Friday, June 21st. Philip Morris International’s payout ratio is 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.