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Ameritas Advisory Services LLC Has $2.32 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Philip Morris International logo with Consumer Staples background

Ameritas Advisory Services LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,263 shares of the company's stock after purchasing an additional 5,219 shares during the period. Ameritas Advisory Services LLC's holdings in Philip Morris International were worth $2,318,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PM. HB Wealth Management LLC raised its holdings in shares of Philip Morris International by 22.0% during the fourth quarter. HB Wealth Management LLC now owns 65,613 shares of the company's stock worth $7,896,000 after purchasing an additional 11,846 shares during the period. Westend Capital Management LLC lifted its holdings in Philip Morris International by 14.1% in the fourth quarter. Westend Capital Management LLC now owns 1,369 shares of the company's stock worth $165,000 after acquiring an additional 169 shares during the last quarter. Sanibel Captiva Trust Company Inc. boosted its stake in Philip Morris International by 8.1% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 24,458 shares of the company's stock valued at $2,944,000 after acquiring an additional 1,838 shares during the period. Verity & Verity LLC grew its holdings in shares of Philip Morris International by 72.9% during the fourth quarter. Verity & Verity LLC now owns 29,003 shares of the company's stock valued at $3,491,000 after purchasing an additional 12,228 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of Philip Morris International by 3.5% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,859 shares of the company's stock worth $1,066,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the subject of a number of recent analyst reports. Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. UBS Group raised their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a research note on Wednesday, October 23rd. Stifel Nicolaus restated a "buy" rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Citigroup upped their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $131.35.

Get Our Latest Report on Philip Morris International

Insiders Place Their Bets

In other news, insider Werner Barth sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares of the company's stock, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Philip Morris International Trading Up 1.7 %

NYSE PM traded up $2.08 on Monday, reaching $121.88. The stock had a trading volume of 5,165,969 shares, compared to its average volume of 3,837,312. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The business has a 50 day moving average price of $125.50 and a 200 day moving average price of $121.47. The company has a market capitalization of $189.51 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. On average, analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) is currently 85.71%.

Philip Morris International Profile

(Free Report)

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.

See Also

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

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