Apollon Wealth Management LLC Has $3.99 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Apollon Wealth Management LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,373 shares of the company’s stock after purchasing an additional 5,031 shares during the period. Apollon Wealth Management LLC’s holdings in Philip Morris International were worth $3,986,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PM. Headlands Technologies LLC acquired a new position in Philip Morris International during the third quarter worth $27,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at about $39,000. McClarren Financial Advisors Inc. grew its holdings in 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 during the period. Finally, Activest Wealth Management increased its position in Philip Morris International by 1,685.7% during the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock worth $47,000 after buying an additional 472 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s 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 transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock worth $3,339,528 in the last quarter. 0.14% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

Shares of PM stock traded up $0.05 on Monday, hitting $97.45. The company had a trading volume of 3,895,061 shares, compared to its average volume of 5,744,928. The stock’s 50-day moving average is $92.61 and its two-hundred day moving average is $92.35. The firm has a market cap of $151.49 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the company posted $1.38 earnings per share. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus lifted their target price 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. One investment 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. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and a consensus target price of $105.50.

About Philip Morris International

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.