SYSTM Wealth Solutions LLC Sells 23,878 Shares of Philip Morris International Inc. (NYSE:PM)

SYSTM Wealth Solutions LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 88.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,041 shares of the company’s stock after selling 23,878 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Philip Morris International were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. True Vision MN LLC acquired a new position in shares of Philip Morris International in the second quarter worth approximately $397,000. Wealth Alliance raised its holdings in Philip Morris International by 0.8% during the 2nd quarter. Wealth Alliance now owns 28,066 shares of the company’s stock worth $2,844,000 after purchasing an additional 221 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Philip Morris International by 0.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 220,764 shares of the company’s stock worth $22,370,000 after purchasing an additional 972 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of Philip Morris International by 0.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 34,531 shares of the company’s stock valued at $3,499,000 after purchasing an additional 141 shares during the last quarter. Finally, Plancorp LLC increased its position in shares of Philip Morris International by 3.4% during the second quarter. Plancorp LLC now owns 6,413 shares of the company’s stock worth $650,000 after buying an additional 212 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the sale, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Barclays boosted their price objective on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. UBS Group raised their target price on Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $117.05.

Philip Morris International Price Performance

PM opened at $120.96 on Thursday. The firm has a market capitalization of $188.04 billion, a PE ratio of 23.63, a P/E/G ratio of 2.45 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $128.22. The company’s 50-day moving average is $117.57 and its 200 day moving average is $104.25.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter last year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts expect that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be paid a $1.35 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.46%. Philip Morris International’s dividend payout ratio is presently 105.47%.

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.