Bison Wealth LLC Has $922,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Bison Wealth LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,799 shares of the company’s stock after selling 141 shares during the period. Bison Wealth LLC’s holdings in Philip Morris International were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. boosted its stake in shares of Philip Morris International by 1.1% during the 1st quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock worth $2,456,000 after buying an additional 281 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of 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 buying an additional 1,296 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of 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 worth $288,000 after buying an additional 608 shares during the last quarter. Covestor Ltd boosted its stake in shares of Philip Morris International by 54.9% during the 1st quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after buying an additional 186 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in shares of Philip Morris International by 14.7% during the 1st quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after buying an additional 1,154 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.3 %

Philip Morris International stock opened at $88.60 on Tuesday. The stock has a market cap of $137.73 billion, a P/E ratio of 17.65, a P/E/G ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $101.92. The company’s 50-day moving average price is $91.13 and its two-hundred day moving average price is $92.05.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. Equities analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business 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. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.87%. Philip Morris International’s dividend payout ratio is currently 103.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PM shares. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $105.40.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on 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 owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock valued at $1,411,128 in the last three months. 0.14% of the stock is currently 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.