Philip Morris International Inc. (NYSE:PM) Shares Acquired by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 25.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,443 shares of the company's stock after buying an additional 4,116 shares during the quarter. Philip Morris International accounts for about 1.0% of FSB Premier Wealth Management Inc.'s portfolio, making the stock its 26th largest holding. FSB Premier Wealth Management Inc.'s holdings in Philip Morris International were worth $2,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. NewSquare Capital LLC raised its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Dunhill Financial LLC raised its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after buying an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $33,000. Knuff & Co LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $37,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Philip Morris International Trading Down 7.2 %

NYSE:PM traded down $11.60 during trading hours on Friday, hitting $150.47. 11,946,492 shares of the stock were exchanged, compared to its average volume of 5,519,454. The firm's fifty day moving average price is $149.12 and its 200 day moving average price is $133.20. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $163.08. The company has a market cap of $234.20 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.65 and a beta of 0.46.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 119.73%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PM. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target for the company. Stifel Nicolaus increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $144.56.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by insiders.

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.