SVA Plumb Wealth Management LLC Decreases Position in Philip Morris International Inc. (NYSE:PM)

SVA Plumb Wealth Management LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,592 shares of the company’s stock after selling 367 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in Philip Morris International were worth $671,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Essex Investment Management Co. LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at about $27,000. Transamerica Financial Advisors Inc. raised its position in shares of Philip Morris International by 552.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock valued at $32,000 after buying an additional 398 shares during the period. Claybrook Capital LLC acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $39,000. Litman Gregory Asset Management LLC acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $40,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 73.52% of the company’s stock.

Shares of PM stock traded up $0.16 during midday trading on Wednesday, reaching $78.30. 488,035 shares of the company were exchanged, compared to its average volume of 5,440,537. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $92.74. The company has a market capitalization of $120.53 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 5.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, June 20th. Philip Morris International’s payout ratio is presently 89.41%.

In other news, Director Louis C. Camilleri sold 70,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total value of $5,847,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael R. Kunst bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $84.67 per share, for a total transaction of $211,675.00. The disclosure for this purchase can be found here. Insiders have purchased 4,000 shares of company stock worth $331,705 over the last ninety days. 0.21% of the stock is currently owned by insiders.

Several research firms have commented on PM. Citigroup boosted their price target on shares of Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Thursday, April 4th. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Bank of America upgraded shares of Philip Morris International from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $81.00 to $94.00 in a research note on Friday, May 17th. Finally, Barclays upgraded shares of Philip Morris International from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $67.00 to $82.00 in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $92.57.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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