Atlas Private Wealth Advisors Sells 363 Shares of Philip Morris International Inc. (NYSE:PM)

Atlas Private Wealth Advisors lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,115 shares of the company’s stock after selling 363 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Philip Morris International were worth $1,798,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Whitener Capital Management Inc. boosted its holdings in Philip Morris International by 4.8% during the 4th quarter. Whitener Capital Management Inc. now owns 6,492 shares of the company’s stock valued at $611,000 after acquiring an additional 300 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of Philip Morris International in the 4th quarter worth $171,000. BKM Wealth Management LLC purchased a new stake in shares of Philip Morris International in the 4th quarter worth $193,000. Foresight Capital Management Advisors Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter worth $208,000. Finally, Shilanski & Associates Inc. lifted its holdings in shares of Philip Morris International by 1.7% in the 4th quarter. Shilanski & Associates Inc. now owns 25,803 shares of the company’s stock worth $2,428,000 after buying an additional 433 shares during the period. Institutional investors own 79.70% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM traded up $1.07 during midday trading on Monday, hitting $95.34. The company had a trading volume of 6,144,670 shares, compared to its average volume of 5,163,305. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $101.92. The stock has a market cap of $148.01 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The business’s 50-day simple moving average is $91.90 and its 200-day simple moving average is $92.57.

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

Philip Morris International Announces Dividend

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 given a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.45%. Philip Morris International’s dividend payout ratio is currently 103.59%.

Insider Transactions at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of Philip Morris International 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 transaction, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PM. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $105.40.

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.