Valeo Financial Advisors LLC Sells 4,591 Shares of Philip Morris International Inc. (NYSE:PM)

Valeo Financial Advisors LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 9.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 45,558 shares of the company’s stock after selling 4,591 shares during the period. Valeo Financial Advisors LLC’s holdings in Philip Morris International were worth $4,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International during the 4th quarter valued at $33,000. Northwest Financial Advisors purchased a new position in Philip Morris International during the 4th quarter worth $33,000. Ables Iannone Moore & Associates Inc. purchased a new position in Philip Morris International during the 4th quarter worth $38,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International during the 4th quarter worth $39,000. Finally, Quarry LP grew its stake in Philip Morris International by 307.5% during the 4th quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after buying an additional 329 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Stock Down 0.2 %

Shares of NYSE PM traded down $0.22 during trading on Wednesday, hitting $101.42. 1,645,530 shares of the company traded hands, compared to its average volume of 5,438,770. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90. The company has a 50-day moving average price of $100.30 and a 200-day moving average price of $95.04. The firm has a market capitalization of $157.66 billion, a P/E ratio of 19.89, a P/E/G ratio of 2.08 and a beta of 0.58.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $1.38 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date of this dividend 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 is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. 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 report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.