Everpar Advisors LLC Purchases Shares of 8,695 Philip Morris International Inc. (NYSE:PM)

Everpar Advisors LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,695 shares of the company’s stock, valued at approximately $818,000.

A number of other hedge funds also recently bought and sold shares of PM. Barlow Wealth Partners Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at about $320,000. Charles Schwab Investment Management Inc. raised its position in Philip Morris International by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after purchasing an additional 125,919 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Philip Morris International by 5.4% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,582 shares of the company’s stock worth $2,031,000 after purchasing an additional 1,106 shares in the last quarter. Apollon Wealth Management LLC raised its position in Philip Morris International by 13.5% in the fourth quarter. Apollon Wealth Management LLC now owns 42,373 shares of the company’s stock worth $3,986,000 after purchasing an additional 5,031 shares in the last quarter. Finally, Lincoln National Corp raised its position in Philip Morris International by 3.0% in the fourth quarter. Lincoln National Corp now owns 33,210 shares of the company’s stock worth $3,124,000 after purchasing an additional 968 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,250 shares of company stock worth $3,339,528. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Societe Generale raised 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 report on Tuesday, February 13th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Price Performance

Philip Morris International stock traded up $0.06 during trading hours on Tuesday, hitting $97.51. The company had a trading volume of 3,960,335 shares, compared to its average volume of 5,724,651. The firm has a market cap of $151.59 billion, a PE ratio of 19.04, a PEG ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.70. The firm has a 50-day moving average of $92.76 and a 200 day moving average of $92.38.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the prior year, the business posted $1.38 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.33%. Philip Morris International’s dividend payout ratio is 101.56%.

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.