Philip Morris International Inc. (NYSE:PM) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,870 shares of the company's stock after acquiring an additional 4,989 shares during the quarter. CreativeOne Wealth LLC's holdings in Philip Morris International were worth $4,076,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Morse Asset Management Inc bought a new stake in Philip Morris International during the 3rd quarter valued at about $206,000. McIlrath & Eck LLC raised its stake in shares of Philip Morris International by 38.5% during the third quarter. McIlrath & Eck LLC now owns 561 shares of the company's stock valued at $68,000 after acquiring an additional 156 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in shares of Philip Morris International by 3.5% in the third quarter. Anchor Investment Management LLC now owns 46,037 shares of the company's stock valued at $5,589,000 after purchasing an additional 1,544 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in Philip Morris International by 225.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 23,379 shares of the company's stock worth $2,841,000 after purchasing an additional 16,194 shares in the last quarter. Finally, World Investment Advisors LLC increased its holdings in Philip Morris International by 567.0% during the 3rd quarter. World Investment Advisors LLC now owns 50,672 shares of the company's stock worth $6,152,000 after purchasing an additional 43,075 shares during the period. Institutional investors own 78.63% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Barth sold 10,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares of the company's stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on PM. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Stifel Nicolaus increased their target price on Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $150.78.

Philip Morris International Stock Up 1.6 %

Shares of PM traded up $2.60 during trading hours on Friday, reaching $163.08. 7,543,615 shares of the company traded hands, compared to its average volume of 5,589,633. The business has a fifty day moving average price of $153.50 and a 200-day moving average price of $135.62. Philip Morris International Inc. has a 12-month low of $90.65 and a 12-month high of $165.00. The stock has a market capitalization of $253.83 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is presently 119.73%.

About Philip Morris International

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.