Stratos Wealth Advisors LLC Trims Position in Philip Morris International Inc. (NYSE:PM)

Stratos Wealth Advisors LLC reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,213 shares of the company’s stock after selling 1,328 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Philip Morris International were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of Philip Morris International by 1.0% during the 4th quarter. Morgan Stanley now owns 43,512,330 shares of the company’s stock valued at $4,403,883,000 after buying an additional 411,358 shares during the period. Wellington Management Group LLP grew its position in Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. Invesco Ltd. increased its stake in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after acquiring an additional 4,304,089 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Philip Morris International by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,050,540 shares of the company’s stock worth $1,332,355,000 after purchasing an additional 260,832 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of Philip Morris International by 100,700.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock worth $1,582,939,000 after purchasing an additional 15,624,628 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 news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock worth $1,411,128 in the last ninety days. 0.14% of the stock is owned by insiders.

Philip Morris International Trading Down 0.7 %

Shares of PM stock opened at $89.48 on Monday. The firm has a fifty day simple moving average of $91.41 and a 200-day simple moving average of $92.20. The company has a market capitalization of $139.10 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $101.92.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 earnings per share. Equities research analysts predict that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 103.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PM shares. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.40.

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.