E&G Advisors LP Sells 180 Shares of Philip Morris International Inc. (NYSE:PM)

E&G Advisors LP trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 4.8% in the first quarter, Holdings Channel reports. The firm owned 3,579 shares of the company’s stock after selling 180 shares during the quarter. E&G Advisors LP’s holdings in Philip Morris International were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. PFG Investments LLC lifted its position in shares of Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares during the last quarter. CGC Financial Services LLC lifted its position in shares of Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after buying an additional 110 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Philip Morris International by 0.3% in the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after buying an additional 112 shares during the last quarter. Bluesphere Advisors LLC lifted its position in shares of Philip Morris International by 0.7% in the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after buying an additional 113 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of Philip Morris International by 0.4% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after buying an additional 113 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was 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 approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock traded down $0.28 during mid-day trading on Wednesday, reaching $101.36. 1,647,837 shares of the company were exchanged, compared to its average volume of 5,438,788. The company has a fifty day simple moving average of $100.30 and a 200-day simple moving average of $95.04. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $104.90. The firm has a market cap of $157.57 billion, a PE ratio of 19.89, a PEG ratio of 2.08 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the company earned $1.38 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus lifted their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.22.

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.