ICW Investment Advisors LLC Sells 350 Shares of Philip Morris International Inc. (NYSE:PM)

ICW Investment Advisors LLC cut its holdings in Philip Morris International Inc. (NYSE:PM) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,751 shares of the company’s stock after selling 350 shares during the quarter. ICW Investment Advisors LLC’s holdings in Philip Morris International were worth $823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Headlands Technologies LLC bought a new position in shares of Philip Morris International during the third quarter worth $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International during the fourth quarter worth $33,000. Legacy Financial Group LLC bought a new position in shares of Philip Morris International during the third quarter worth $37,000. Wetzel Investment Advisors Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth $39,000. Finally, McClarren Financial Advisors Inc. boosted its position in shares of Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PM. Societe Generale upgraded 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 report on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Stifel Nicolaus raised their price objective 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 restated 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 given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Hold” and an average target price of $105.50.

Philip Morris International Price Performance

PM stock traded up $1.30 during midday trading on Wednesday, hitting $96.24. The company’s stock had a trading volume of 1,797,039 shares, compared to its average volume of 5,704,124. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70. The company’s fifty day moving average price is $92.12 and its 200 day moving average price is $92.22. The stock has a market capitalization of $149.61 billion, a P/E ratio of 18.70, a PEG ratio of 2.02 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the business earned $1.38 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Activity

In other news, insider Werner Barth sold 5,000 shares of Philip Morris International 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 completion of the transaction, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated 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 sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock valued at $3,339,528 in the last quarter. Company insiders own 0.14% of the company’s stock.

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.