Valley National Advisers Inc. Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Valley National Advisers Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,319 shares of the company’s stock after buying an additional 554 shares during the quarter. Valley National Advisers Inc.’s holdings in Philip Morris International were worth $688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Studio Investment Management LLC lifted its holdings in shares of Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after purchasing an additional 108 shares during the period. PFG Investments LLC lifted its holdings in shares of Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after purchasing an additional 109 shares during the period. Townsend Asset Management Corp NC ADV lifted its holdings in shares of Philip Morris International by 3.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after purchasing an additional 110 shares during the period. CGC Financial Services LLC lifted its holdings in shares of Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares during the period. Finally, Corrigan Financial Inc. lifted its holdings in shares of Philip Morris International by 2.5% during the second quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock worth $449,000 after purchasing an additional 112 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,250 shares of company stock worth $1,411,128. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Philip Morris International Price Performance

Shares of NYSE:PM opened at $90.32 on Tuesday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92. The firm has a market capitalization of $140.41 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The business’s 50 day moving average price is $91.39 and its 200-day moving average price is $92.16.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The business had revenue of $9.05 billion for 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 company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $1.39 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.76%. Philip Morris International’s payout ratio is currently 103.59%.

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.