Independent Advisor Alliance Purchases 12,435 Shares of Philip Morris International Inc. (NYSE:PM)

Independent Advisor Alliance boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,548 shares of the company's stock after buying an additional 12,435 shares during the period. Independent Advisor Alliance's holdings in Philip Morris International were worth $9,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC lifted its holdings in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the period. Investment Advisory Services Inc. TX ADV grew its holdings in Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company's stock valued at $302,000 after purchasing an additional 78 shares during the period. Intergy Private Wealth LLC increased its position in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company's stock worth $236,000 after purchasing an additional 80 shares during the last quarter. BKM Wealth Management LLC raised its stake in Philip Morris International by 3.4% during the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company's stock worth $298,000 after purchasing an additional 81 shares during the period. Finally, Detalus Advisors LLC boosted its holdings in shares of Philip Morris International by 2.6% in the 4th quarter. Detalus Advisors LLC now owns 3,231 shares of the company's stock valued at $389,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently commented on PM shares. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Stifel Nicolaus boosted their price objective 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. Barclays raised their target price 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. Finally, UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average target price of $144.56.

Philip Morris International Stock Performance

Shares of PM traded down $0.39 during mid-day trading on Wednesday, reaching $151.71. 2,266,033 shares of the company's stock traded hands, compared to its average volume of 5,194,639. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51. The stock has a market capitalization of $235.88 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The business's 50-day moving average price is $137.30 and its 200-day moving average price is $129.58.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.56%. Philip Morris International's dividend payout ratio is currently 119.73%.

Insider Activity at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last ninety days. Insiders own 0.13% of the company's stock.

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.