Tennessee Valley Asset Management Partners Buys Shares of 346 Philip Morris International Inc. (NYSE:PM)

Tennessee Valley Asset Management Partners purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 346 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its holdings in shares of Philip Morris International by 131.6% in the 4th quarter. Perigon Wealth Management LLC now owns 10,677 shares of the company’s stock valued at $1,004,000 after buying an additional 6,067 shares during the period. Benedict Financial Advisors Inc. boosted its stake in Philip Morris International by 1.7% in the 4th quarter. Benedict Financial Advisors Inc. now owns 67,834 shares of the company’s stock worth $6,382,000 after purchasing an additional 1,157 shares during the period. Sutton Place Investors LLC acquired a new position in Philip Morris International in the 4th quarter worth $822,000. Valeo Financial Advisors LLC boosted its stake in Philip Morris International by 4.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 50,149 shares of the company’s stock worth $4,718,000 after purchasing an additional 2,089 shares during the period. Finally, Sapient Capital LLC acquired a new position in Philip Morris International in the 4th quarter worth $4,090,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $97.66 on Wednesday. The company’s 50-day moving average price is $91.46 and its two-hundred day moving average price is $92.10. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The stock has a market capitalization of $151.82 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the firm posted $1.38 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc. will post 6.38 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.32%. Philip Morris International’s payout ratio is 103.59%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PM. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.40.

Insider Activity

In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, 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 can be accessed through the SEC website. In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, 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 can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were 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 in the company, valued at $882,050.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.14% of the stock is owned by company insiders.

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.