Annex Advisory Services LLC Buys 10,301 Shares of Philip Morris International Inc. (NYSE:PM)

Annex Advisory Services LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 77.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,681 shares of the company's stock after purchasing an additional 10,301 shares during the period. Annex Advisory Services LLC's holdings in Philip Morris International were worth $2,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Philip Morris International by 24.5% during the second quarter. American Century Companies Inc. now owns 8,701 shares of the company's stock worth $882,000 after purchasing an additional 1,715 shares during the period. Brighton Jones LLC increased its stake in Philip Morris International by 3.8% during the 2nd quarter. Brighton Jones LLC now owns 6,866 shares of the company's stock worth $696,000 after purchasing an additional 249 shares in the last quarter. Sei Investments Co. raised its holdings in Philip Morris International by 5.8% during the 2nd quarter. Sei Investments Co. now owns 660,948 shares of the company's stock worth $66,975,000 after buying an additional 35,966 shares during the period. ProShare Advisors LLC raised its holdings in Philip Morris International by 8.8% during the 2nd quarter. ProShare Advisors LLC now owns 210,703 shares of the company's stock worth $21,351,000 after buying an additional 17,094 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its stake in Philip Morris International by 125,666.7% in the second quarter. Frank Rimerman Advisors LLC now owns 30,184 shares of the company's stock valued at $3,059,000 after buying an additional 30,160 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Activity at Philip Morris International

In other news, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares of the company's stock, valued at approximately $12,402,431.64. This trade represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction dated 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. 0.14% of the stock is owned by insiders.

Philip Morris International Trading Up 1.7 %

NYSE PM traded up $2.08 on Monday, hitting $121.88. 5,165,969 shares of the company's stock were exchanged, compared to its average volume of 3,837,312. The stock has a 50-day moving average of $125.50 and a 200-day moving average of $121.47. The stock has a market cap 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 Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's dividend payout ratio is 85.71%.

Analyst Ratings Changes

PM has been the subject of several recent research reports. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday. They set an "overweight" rating and a $140.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group boosted their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.35.

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.