Blake Schutter Theil Wealth Advisors LLC Takes $524,000 Position in Philip Morris International Inc. (NYSE:PM)

Blake Schutter Theil Wealth Advisors LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,318 shares of the company's stock, valued at approximately $524,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PM. Geneos Wealth Management Inc. increased its stake in Philip Morris International by 16.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 13,926 shares of the company's stock valued at $1,276,000 after purchasing an additional 1,966 shares in the last quarter. Advisory Alpha LLC lifted its position in Philip Morris International by 48.9% in the 1st quarter. Advisory Alpha LLC now owns 3,667 shares of the company's stock valued at $336,000 after acquiring an additional 1,204 shares in the last quarter. CFO4Life Group LLC lifted its position in Philip Morris International by 6.5% in the 1st quarter. CFO4Life Group LLC now owns 4,624 shares of the company's stock valued at $424,000 after acquiring an additional 281 shares in the last quarter. Duality Advisers LP boosted its stake in Philip Morris International by 165.6% during the 1st quarter. Duality Advisers LP now owns 38,644 shares of the company's stock valued at $3,541,000 after purchasing an additional 24,093 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in Philip Morris International by 3.5% during the 1st quarter. Empirical Finance LLC now owns 56,069 shares of the company's stock valued at $5,137,000 after purchasing an additional 1,885 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Monday, July 22nd. Stifel Nicolaus reiterated a "buy" rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Bank of America increased their target price on Philip Morris International from $125.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $127.85.

Philip Morris International Trading Down 1.2 %

Philip Morris International stock traded down $1.53 during trading on Thursday, reaching $123.78. The company had a trading volume of 10,421,141 shares, compared to its average volume of 5,398,456. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm's 50-day simple moving average is $124.13 and its 200 day simple moving average is $112.11. The firm has a market capitalization of $192.46 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.54.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were issued a $1.35 dividend. This is a boost from Philip Morris International's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International's dividend payout ratio (DPR) is currently 85.71%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $12,402,431.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $12,402,431.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

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.