Capital Investment Advisory Services LLC Has $2.05 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Capital Investment Advisory Services LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 112.4% during the 4th quarter, Holdings Channel reports. The firm owned 21,797 shares of the company’s stock after purchasing an additional 11,534 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Philip Morris International were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Philip Morris International during the 3rd quarter worth about $27,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Philip Morris International during the 2nd quarter worth about $27,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International during the 4th quarter worth about $33,000. Legacy Financial Group LLC bought a new stake in shares of Philip Morris International during the 3rd quarter worth about $37,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth about $39,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 2.8 %

Shares of NYSE:PM traded up $2.57 during midday trading on Friday, hitting $93.77. The stock had a trading volume of 8,710,167 shares, compared to its average volume of 5,807,585. The company’s 50-day moving average price is $91.20 and its 200-day moving average price is $92.04. The company has a market capitalization of $145.77 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.79.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Research analysts expect that Philip Morris International Inc. will post 6.38 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is presently 103.59%.

Insider Activity

In related news, 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 transaction of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. 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 stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,250 shares of company stock worth $1,411,128. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. 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. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.40.

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.