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

Diversify Wealth Management LLC lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,256 shares of the company's stock after acquiring an additional 9,776 shares during the quarter. Diversify Wealth Management LLC's holdings in Philip Morris International were worth $3,662,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Valley Wealth Managers Inc. increased its stake in Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC grew its holdings in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. Concord Wealth Partners grew its holdings in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after purchasing an additional 298 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Philip Morris International during the 3rd quarter worth approximately $54,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Philip Morris International during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Insider Buying and Selling

In other news, insider Werner Barth sold 7,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's 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 transaction, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Trading Up 1.7 %

PM stock traded up $2.08 during trading 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 market capitalization of $189.51 billion, a price-to-earnings ratio of 19.35, a PEG 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. The business has a 50-day moving average price of $125.50 and a two-hundred day moving average price of $121.47.

Philip Morris International (NYSE:PM - Get Free Report) last issued 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 net margin of 10.35% and a negative return on equity of 117.94%. The company's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. On average, equities research 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 company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.43%. Philip Morris International's dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PM. Citigroup boosted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group lifted their target price on Philip Morris International from $126.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Stifel Nicolaus restated a "buy" rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Philip Morris International from $118.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Finally, Barclays lowered their price objective on 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. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.35.

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.