Brown Miller Wealth Management LLC Has $1.73 Million Stake in Philip Morris International Inc. (NYSE:PM)

Brown Miller Wealth Management LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,363 shares of the company’s stock after acquiring an additional 1,012 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Philip Morris International were worth $1,728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PM. Studio Investment Management LLC lifted its stake in shares of Philip Morris International by 33.8% in the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after buying an additional 108 shares during the period. PFG Investments LLC increased its position in shares of Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares during the period. Townsend Asset Management Corp NC ADV raised its stake in shares of Philip Morris International by 3.8% in the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after purchasing an additional 110 shares in the last quarter. CGC Financial Services LLC lifted its position in Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares during the period. Finally, Corrigan Financial Inc. boosted its position in shares of Philip Morris International by 2.5% during the 2nd quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock valued at $449,000 after acquiring an additional 112 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now 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 SEC, which is accessible through this link. In other news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction dated 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 directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the company’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 value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,250 shares of company stock valued at $1,411,128. Company insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.64 on Thursday, hitting $91.59. 5,311,892 shares of the company’s stock traded hands, compared to its average volume of 5,430,423. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92. The stock has a market capitalization of $142.19 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. The firm’s 50-day moving average price is $91.53 and its two-hundred day moving average price is $92.47.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. Philip Morris International’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. On average, analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be issued a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.68%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Analyst Ratings Changes

Several equities analysts recently commented on PM shares. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their target price 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 report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, November 29th. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.40.

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.