Philip Morris International Inc. (NYSE:PM) Stock Position Lowered by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,004 shares of the company’s stock after selling 1,185 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Philip Morris International were worth $2,128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC grew its holdings in shares of Philip Morris International by 125,666.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 30,184 shares of the company’s stock worth $3,059,000 after acquiring an additional 30,160 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Philip Morris International by 8.8% in the 2nd quarter. ProShare Advisors LLC now owns 210,703 shares of the company’s stock worth $21,351,000 after acquiring an additional 17,094 shares during the last quarter. Alaethes Wealth LLC acquired a new position in shares of Philip Morris International in the 2nd quarter worth $1,444,000. Legacy Financial Advisors Inc. grew its holdings in shares of Philip Morris International by 5.1% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 7,094 shares of the company’s stock worth $719,000 after acquiring an additional 343 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Philip Morris International by 273.4% in the 2nd quarter. Summit Trail Advisors LLC now owns 48,077 shares of the company’s stock worth $4,934,000 after acquiring an additional 35,202 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

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

Philip Morris International Trading Up 0.9 %

PM opened at $120.79 on Friday. The stock has a market cap of $187.77 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.45 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $128.22. The stock has a fifty day moving average price of $118.17 and a 200 day moving average price of $104.66.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a $1.35 dividend. The ex-dividend date is Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.47%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s payout ratio is currently 105.47%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Bank of America lifted their price target on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Barclays lifted their price target on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus lifted their price target on Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.05.

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.