Beacon Harbor Wealth Advisors Inc. Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Beacon Harbor Wealth Advisors Inc. increased its position in Philip Morris International Inc. (NYSE:PM) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,583 shares of the company’s stock after acquiring an additional 1,231 shares during the period. Philip Morris International makes up about 1.8% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 17th biggest holding. Beacon Harbor Wealth Advisors Inc.’s holdings in Philip Morris International were worth $7,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Philip Morris International in the 4th quarter worth $522,214,000. Dana Investment Advisors Inc. raised its stake in shares of Philip Morris International by 2.3% during the 4th quarter. Dana Investment Advisors Inc. now owns 114,137 shares of the company’s stock valued at $13,736,000 after buying an additional 2,517 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Philip Morris International by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 275,224 shares of the company’s stock valued at $33,123,000 after buying an additional 2,229 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Philip Morris International by 1.1% during the 4th quarter. Arizona State Retirement System now owns 450,850 shares of the company’s stock valued at $54,260,000 after buying an additional 5,121 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Philip Morris International by 60.4% during the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company’s stock valued at $465,000 after buying an additional 1,455 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,143 shares of company stock worth $19,092,846. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PM shares. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Trading Down 0.5 %

PM stock opened at $153.22 on Thursday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The stock has a market cap of $238.23 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53. The business’s 50-day moving average is $134.82 and its 200 day moving average is $128.60.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

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.