Founders Grove Wealth Partners LLC Acquires Shares of 3,191 Philip Morris International Inc. (NYSE:PM)

Founders Grove Wealth Partners LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,191 shares of the company's stock, valued at approximately $384,000.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC increased its holdings in Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after buying an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock valued at $1,121,932,000 after acquiring an additional 3,363,454 shares in the last quarter. National Bank of Canada FI boosted its position in Philip Morris International by 161.6% during the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock valued at $235,936,000 after acquiring an additional 1,200,636 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Philip Morris International by 14,611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock valued at $142,467,000 after acquiring an additional 1,165,554 shares during the period. Finally, Wulff Hansen & CO. raised its position in shares of Philip Morris International by 10,033.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,039,646 shares of the company's stock worth $105,347,000 after acquiring an additional 1,029,386 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of several analyst reports. Citigroup lifted 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. The Goldman Sachs Group lifted 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. Stifel Nicolaus reissued a "buy" rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. UBS Group raised their target price 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. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.39.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were 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 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 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 shares were 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 owns 959,761 shares of the company's stock, 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. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Down 0.0 %

Shares of Philip Morris International stock traded down $0.02 on Wednesday, reaching $118.45. 5,372,084 shares of the stock were exchanged, compared to its average volume of 4,459,081. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The business has a 50 day moving average price of $125.80 and a two-hundred day moving average price of $121.07. The firm has a market capitalization of $184.17 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.22 and a beta of 0.54.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.56%. Philip Morris International's dividend payout ratio (DPR) is presently 85.71%.

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.