Philip Morris International Inc. (NYSE:PM) Shares Sold by Wells Trecaso Financial Group LLC

Wells Trecaso Financial Group LLC decreased its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,786 shares of the company’s stock after selling 308 shares during the quarter. Wells Trecaso Financial Group LLC’s holdings in Philip Morris International were worth $262,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC acquired a new position in Philip Morris International during the third quarter worth about $27,000. PCA Investment Advisory Services Inc. acquired a new position in Philip Morris International during the second quarter worth about $27,000. DHJJ Financial Advisors Ltd. acquired a new position in Philip Morris International during the third quarter worth about $36,000. Legacy Financial Group LLC acquired a new position in Philip Morris International during the third quarter worth about $37,000. Finally, VitalStone Financial LLC boosted its position in Philip Morris International by 950.0% during the second quarter. VitalStone Financial LLC now owns 420 shares of the company’s stock worth $41,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity

In related news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following 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 legal filing with the SEC, which is available through this link. In related news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following 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 legal filing with the SEC, which is available through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PM shares. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. 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. According to data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and an average price target of $105.40.

View Our Latest Report on PM

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $0.61 on Friday, reaching $91.62. The company had a trading volume of 5,311,911 shares, compared to its average volume of 6,327,932. The firm’s 50 day moving average price is $91.48 and its two-hundred day moving average price is $92.45. The firm has a market cap of $142.24 billion, a PE ratio of 18.25, a PEG ratio of 2.07 and a beta of 0.61. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92.

Philip Morris International (NYSE:PMGet Free Report) last released its quarterly 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 company had revenue of $9.05 billion during 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%. Philip Morris International’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. As a group, sell-side analysts predict that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Announces Dividend

The business 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 103.59%.

Philip Morris International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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