Beacon Harbor Wealth Advisors Inc. Has $5.58 Million Position in Philip Morris International Inc. (NYSE:PM)

Beacon Harbor Wealth Advisors Inc. raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,254 shares of the company’s stock after acquiring an additional 1,424 shares during the period. Philip Morris International makes up approximately 1.6% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its 27th largest position. Beacon Harbor Wealth Advisors Inc.’s holdings in Philip Morris International were worth $5,575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at approximately $240,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Philip Morris International by 8.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 551,255 shares of the company’s stock worth $51,035,000 after purchasing an additional 41,950 shares in the last quarter. Simon Quick Advisors LLC raised its stake in Philip Morris International by 59.7% in the third quarter. Simon Quick Advisors LLC now owns 9,578 shares of the company’s stock valued at $887,000 after purchasing an additional 3,581 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Philip Morris International by 12.8% during the third quarter. Stratos Wealth Partners LTD. now owns 27,060 shares of the company’s stock worth $2,505,000 after purchasing an additional 3,075 shares during the period. Finally, Stratos Wealth Advisors LLC increased its holdings in Philip Morris International by 114.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,541 shares of the company’s stock valued at $1,069,000 after buying an additional 6,166 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of a number of recent analyst reports. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Stifel Nicolaus upped their price target 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, Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $105.50.

Philip Morris International Stock Up 1.9 %

NYSE:PM traded up $1.83 on Thursday, hitting $97.88. The stock had a trading volume of 2,152,848 shares, compared to its average volume of 5,718,226. The company has a market cap of $152.16 billion, a PE ratio of 18.95, a P/E/G ratio of 2.01 and a beta of 0.60. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.70. The business’s fifty day moving average is $92.23 and its 200 day moving average is $92.25.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. Equities analysts predict that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.31%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 completion of the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is owned by insiders.

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.