Tandem Capital Management Corp ADV Sells 661 Shares of Philip Morris International Inc. (NYSE:PM)

Tandem Capital Management Corp ADV decreased its stake in Philip Morris International Inc. (NYSE:PM) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,223 shares of the company’s stock after selling 661 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Philip Morris International were worth $1,526,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC bought a new position in Philip Morris International in the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the fourth quarter valued at about $33,000. Legacy Financial Group LLC bought a new stake in shares of Philip Morris International during the 3rd quarter valued at approximately $37,000. Wetzel Investment Advisors Inc. bought a new stake in Philip Morris International during the 4th quarter worth $39,000. Finally, Activest Wealth Management increased its stake in shares of Philip Morris International by 1,685.7% in the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock valued at $47,000 after buying an additional 472 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $2.93 during trading hours on Thursday, hitting $96.09. The company’s stock had a trading volume of 7,416,363 shares, compared to its average volume of 5,776,468. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $100.79. The business has a 50 day moving average price of $91.79 and a two-hundred day moving average price of $92.18. The company has a market cap of $149.38 billion, a PE ratio of 18.77, a PEG ratio of 2.05 and a beta of 0.61.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the firm posted $1.38 EPS. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is 101.56%.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’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 directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction dated 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 transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several 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 on the stock in a research note on Tuesday, February 13th. Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $105.50.

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.