Aviso Wealth Management Acquires 476 Shares of Philip Morris International Inc. (NYSE:PM)

Aviso Wealth Management increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,019 shares of the company’s stock after purchasing an additional 476 shares during the period. Aviso Wealth Management’s holdings in Philip Morris International were worth $484,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PM. Meridian Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.1% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after buying an additional 70 shares during the period. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after purchasing an additional 73 shares during the period. Balboa Wealth Partners increased its stake in Philip Morris International by 2.0% in the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after purchasing an additional 74 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its stake in Philip Morris International by 3.5% in the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock worth $268,000 after buying an additional 75 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Performance

NYSE:PM opened at $152.37 on Wednesday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51. The business’s 50-day simple moving average is $143.74 and its 200 day simple moving average is $131.59. The stock has a market cap of $236.91 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.54%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insiders Place Their Bets

In related news, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last 90 days. 0.13% of the stock is owned by company insiders.

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.