Beacon Harbor Wealth Advisors Inc. Buys 1,424 Shares of Philip Morris International Inc. (NYSE:PM)

Beacon Harbor Wealth Advisors Inc. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,254 shares of the company’s stock after purchasing an additional 1,424 shares during the period. Philip Morris International comprises 1.6% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its 27th largest position. Beacon Harbor Wealth Advisors Inc.’s holdings in Philip Morris International were worth $5,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. Ferguson Wellman Capital Management Inc. raised its position in Philip Morris International by 2.3% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after purchasing an additional 13,416 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in Philip Morris International in the fourth quarter worth $1,251,000. Amica Mutual Insurance Co. boosted its holdings in Philip Morris International by 5.5% in the third quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock valued at $13,655,000 after acquiring an additional 7,726 shares in the last quarter. NewEdge Wealth LLC increased its position in Philip Morris International by 69.9% during the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock valued at $4,785,000 after purchasing an additional 20,918 shares during the period. Finally, Chiron Investment Management LLC raised its holdings in Philip Morris International by 2.0% in the 3rd quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock worth $32,825,000 after purchasing an additional 6,981 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PM. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus upped their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Hold” and a consensus price target of $105.50.

Insider Transactions at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of the firm’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 transaction, the insider now directly 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 available through the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred 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 through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 in the last quarter. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM traded up $1.83 during trading hours on Thursday, hitting $97.88. The company had a trading volume of 2,152,848 shares, compared to its average volume of 5,718,226. The firm has a fifty day moving average price of $92.23 and a 200-day moving average price of $92.25. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.70. The stock has a market capitalization of $152.16 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.01 and a beta of 0.60.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating 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 firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the company earned $1.38 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.31%. Philip Morris International’s dividend payout ratio is currently 101.56%.

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.