Philip Morris International Inc. (NYSE:PM) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 32.0% in the 4th quarter, HoldingsChannel reports. The firm owned 28,127 shares of the company’s stock after acquiring an additional 6,820 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Philip Morris International were worth $2,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. grew its holdings in shares of Philip Morris International by 1.1% during the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after buying an additional 281 shares in the last quarter. American Century Companies Inc. boosted its position in Philip Morris International by 35.6% during the 1st quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock worth $463,000 after acquiring an additional 1,296 shares during the period. Loomis Sayles & Co. L P grew its stake in Philip Morris International by 24.7% during the 1st quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after acquiring an additional 608 shares in the last quarter. Covestor Ltd increased its holdings in shares of Philip Morris International by 54.9% in the 1st quarter. Covestor Ltd now owns 525 shares of the company’s stock valued at $49,000 after purchasing an additional 186 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Philip Morris International by 14.7% in the 1st quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock valued at $844,000 after purchasing an additional 1,154 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. 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 report on Tuesday, February 13th. 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 research note on Tuesday, January 23rd. Finally, Argus restated 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 issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $105.40.

Insider Activity at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction 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 transaction, the insider now 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 Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Massimo Andolina sold 8,250 shares of Philip Morris International 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 transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 in the last 90 days. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

Shares of PM stock traded down $0.61 during trading on Friday, reaching $91.62. The company had a trading volume of 5,311,911 shares, compared to its average volume of 6,349,124. The firm’s 50 day simple moving average is $91.53 and its two-hundred day simple moving average is $92.47. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92. The company has a market capitalization of $142.24 billion, a PE ratio of 18.25, a PEG ratio of 2.08 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. Philip Morris International’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. Analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 21st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.68%. Philip Morris International’s dividend payout ratio is presently 103.59%.

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.