Sound View Wealth Advisors Group LLC Acquires 16,450 Shares of Philip Morris International Inc. (NYSE:PM)

Sound View Wealth Advisors Group LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 58.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,709 shares of the company's stock after acquiring an additional 16,450 shares during the quarter. Sound View Wealth Advisors Group LLC's holdings in Philip Morris International were worth $4,206,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Philip Morris International in the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $33,000. Northwest Financial Advisors bought a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Philip Morris International during the 4th quarter worth $39,000. Finally, McClarren Financial Advisors Inc. lifted its position in shares of Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company's stock worth $43,000 after buying an additional 278 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.8 %

Philip Morris International stock traded down $0.81 during mid-day trading on Friday, hitting $99.85. 5,288,963 shares of the stock were exchanged, compared to its average volume of 5,600,275. The firm's fifty day simple moving average is $94.04 and its two-hundred day simple moving average is $92.83. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.46. The stock has a market capitalization of $155.22 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.14 and a beta of 0.60.

Philip Morris International (NYSE:PM - Get Free Report) last announced its 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. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. Philip Morris International's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 earnings per share. As a group, analysts forecast that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.21%. Philip Morris International's dividend payout ratio is currently 101.56%.

Insiders Place Their Bets

In related news, insider Werner Barth sold 5,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PM has been the topic of a number of recent analyst reports. Societe Generale upgraded Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 target price on the stock in a research report on Tuesday, February 13th. Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Argus reissued a "hold" rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group cut Philip Morris International from a "buy" rating to a "sell" rating and lowered their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $105.50.

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.

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