HB Wealth Management LLC Increases Holdings in Philip Morris International Inc. (NYSE:PM)

HB Wealth Management LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,613 shares of the company's stock after buying an additional 11,846 shares during the quarter. HB Wealth Management LLC's holdings in Philip Morris International were worth $7,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after buying an additional 224,840 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock worth $3,886,818,000 after acquiring an additional 621,034 shares during the period. FMR LLC grew its position in shares of Philip Morris International by 40.9% in the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Philip Morris International by 3.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company's stock valued at $1,560,752,000 after purchasing an additional 376,406 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Philip Morris International by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 10,430,837 shares of the company's stock worth $1,056,957,000 after purchasing an additional 469,806 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Activity

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the sale, the insider now directly owns 95,418 shares of the company's stock, valued at approximately $12,402,431.64. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

PM traded up $2.08 during trading on Friday, reaching $121.88. The stock had a trading volume of 5,165,969 shares, compared to its average volume of 3,837,312. The business has a 50-day moving average of $125.50 and a 200-day moving average of $121.33. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The stock has a market cap of $189.51 billion, a PE ratio of 19.35, a PEG ratio of 1.86 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 firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.43%. Philip Morris International's payout ratio is 85.71%.

Analyst Upgrades and Downgrades

PM has been the topic of several analyst reports. UBS Group upped their price target on Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a "buy" rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday. They issued an "overweight" rating and a $140.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Philip Morris International from $118.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $131.35.

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.