Stratos Wealth Partners LTD. Sells 1,364 Shares of Philip Morris International Inc. (NYSE:PM)

Stratos Wealth Partners LTD. decreased its position in Philip Morris International Inc. (NYSE:PM) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,696 shares of the company’s stock after selling 1,364 shares during the period. Stratos Wealth Partners LTD.’s holdings in Philip Morris International were worth $2,418,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Elevated Capital Advisors LLC increased its stake in Philip Morris International by 2.8% in the second quarter. Elevated Capital Advisors LLC now owns 17,016 shares of the company’s stock valued at $1,661,000 after acquiring an additional 471 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in shares of Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after purchasing an additional 13,416 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Philip Morris International in the 3rd quarter valued at approximately $11,288,000. Amica Mutual Insurance Co. raised its holdings in shares of Philip Morris International by 5.5% in the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after buying an additional 7,726 shares in the last quarter. Finally, Doliver Advisors LP lifted its position in shares of Philip Morris International by 0.7% during the 3rd quarter. Doliver Advisors LP now owns 27,323 shares of the company’s stock worth $2,530,000 after buying an additional 200 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock worth $1,411,128 over the last 90 days. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on PM shares. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Finally, UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.40.

Philip Morris International Stock Up 0.9 %

Shares of NYSE:PM opened at $90.32 on Tuesday. The firm has a market cap of $140.41 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.02 and a beta of 0.61. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.92. The company’s 50-day moving average price is $91.39 and its two-hundred day moving average price is $92.16.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the company earned $1.39 earnings per share. Philip Morris International’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International Inc. will post 6.39 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared 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 5.76%. The ex-dividend date of this dividend is Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Philip Morris International 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.