Westshore Wealth LLC Makes New $419,000 Investment in Philip Morris International Inc. (NYSE:PM)

Westshore Wealth LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,924 shares of the company’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Philip Morris International by 1.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 7,545 shares of the company’s stock valued at $642,000 after buying an additional 116 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Philip Morris International by 11.2% in the 4th quarter. Penserra Capital Management LLC now owns 1,162 shares of the company’s stock worth $96,000 after buying an additional 117 shares in the last quarter. Focused Wealth Management Inc grew its holdings in Philip Morris International by 4.9% in the 4th quarter. Focused Wealth Management Inc now owns 2,541 shares of the company’s stock worth $216,000 after buying an additional 119 shares in the last quarter. Wealthcare Capital Management LLC grew its holdings in Philip Morris International by 7.6% in the 4th quarter. Wealthcare Capital Management LLC now owns 1,717 shares of the company’s stock worth $146,000 after buying an additional 122 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. grew its holdings in Philip Morris International by 1.1% in the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 11,099 shares of the company’s stock worth $944,000 after buying an additional 125 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Philip Morris International stock traded up $1.10 during mid-day trading on Tuesday, hitting $73.65. 594,927 shares of the company’s stock were exchanged, compared to its average volume of 9,270,711. The stock has a market cap of $107.59 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.45 and a beta of 0.94. Philip Morris International Inc. has a 1-year low of $56.01 and a 1-year high of $90.17. The stock has a 50 day moving average of $80.47 and a two-hundred day moving average of $81.74.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.01. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.64 billion. Philip Morris International had a negative return on equity of 84.30% and a net margin of 9.21%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. Analysts expect that Philip Morris International Inc. will post 5.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Monday, March 23rd will be given a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend is Friday, March 20th. Philip Morris International’s dividend payout ratio is currently 90.17%.

A number of brokerages recently issued reports on PM. Morgan Stanley decreased their price objective on Philip Morris International from $99.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Cowen raised Philip Morris International from a “market perform” rating to an “outperform” rating and increased their price target for the company from $90.00 to $102.00 in a research note on Thursday, February 13th. Piper Sandler increased their price target on Philip Morris International from $105.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. UBS Group reaffirmed a “buy” rating and set a $101.00 price target on shares of Philip Morris International in a research note on Tuesday, February 11th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Philip Morris International in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and an average price target of $96.50.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.50, for a total value of $4,375,000.00. Following the completion of the transaction, the chief executive officer now owns 882,385 shares in the company, valued at $77,208,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Firestone sold 22,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $86.27, for a total transaction of $1,897,940.00. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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