Atria Wealth Solutions Inc. Raises Stake in Philip Morris International Inc. (NYSE:PM)

Atria Wealth Solutions Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 74,364 shares of the company’s stock after purchasing an additional 3,818 shares during the period. Atria Wealth Solutions Inc.’s holdings in Philip Morris International were worth $7,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. Headlands Technologies LLC purchased a new stake in shares of Philip Morris International during the third quarter worth about $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International during the fourth quarter worth $33,000. Legacy Financial Group LLC acquired a new position in shares of Philip Morris International during the third quarter worth $37,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth $39,000. Finally, Activest Wealth Management raised its holdings in 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 acquiring an additional 472 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the subject of several recent research reports. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price 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 research report on Wednesday. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.50.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s 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 sale, the insider now directly 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 link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last three months, insiders sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by insiders.

Philip Morris International Trading Down 0.2 %

PM stock traded down $0.19 during trading on Friday, hitting $95.90. The company had a trading volume of 331,153 shares, compared to its average volume of 5,708,259. The firm has a market capitalization of $149.08 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.09 and a beta of 0.61. The business has a 50 day moving average of $91.79 and a 200 day moving average of $92.18. 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 quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share 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 during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the company earned $1.38 EPS. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is 101.56%.

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.