Twin City Private Wealth LLC Has $3.03 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Twin City Private Wealth LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 24,927 shares of the company’s stock after acquiring an additional 1,971 shares during the period. Philip Morris International accounts for about 2.7% of Twin City Private Wealth LLC’s holdings, making the stock its 5th biggest position. Twin City Private Wealth LLC’s holdings in Philip Morris International were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PM. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Dunhill Financial LLC grew its stake in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International in the fourth quarter valued at about $33,000. Knuff & Co LLC bought a new stake in shares of Philip Morris International in the fourth quarter worth about $36,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.8 %

Shares of Philip Morris International stock opened at $151.25 on Monday. The business’s 50 day moving average is $142.37 and its 200-day moving average is $131.22. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The stock has a market cap of $235.16 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.57%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group increased their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 over the last ninety days. Insiders own 0.13% of the company’s stock.

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.