B. Riley Wealth Advisors Inc. Has $2.41 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,825 shares of the company's stock after selling 3,783 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Philip Morris International were worth $2,413,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PM. Capital & Planning LLC raised its position in Philip Morris International by 7.1% in the 4th quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after purchasing an additional 173 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Philip Morris International by 39.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,641 shares of the company's stock valued at $1,281,000 after buying an additional 3,004 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of Philip Morris International by 126.6% in the fourth quarter. Drive Wealth Management LLC now owns 3,976 shares of the company's stock valued at $484,000 after buying an additional 2,221 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in shares of Philip Morris International by 1.2% in the fourth quarter. PFG Investments LLC now owns 29,390 shares of the company's stock valued at $3,537,000 after buying an additional 357 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE:PM traded up $2.87 during mid-day trading on Friday, hitting $180.74. The company had a trading volume of 8,477,221 shares, compared to its average volume of 5,627,422. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $181.29. The firm has a market cap of $281.32 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.65 and a beta of 0.50. The business's fifty day moving average is $164.70 and its two-hundred day moving average is $145.23.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the firm earned $1.50 EPS. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.99%. Philip Morris International's payout ratio is 111.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PM shares. Morgan Stanley reissued an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Barclays increased their price objective on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.20.

Insider Activity at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This trade represents a 12.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by 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.