Kathmere Capital Management LLC Purchases 5,873 Shares of Philip Morris International Inc. (NYSE:PM)

Kathmere Capital Management LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,699 shares of the company's stock after purchasing an additional 5,873 shares during the period. Kathmere Capital Management LLC's holdings in Philip Morris International were worth $2,250,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. raised its stake in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC grew its holdings in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after acquiring an additional 161 shares during the period. Concord Wealth Partners raised its position in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after acquiring an additional 298 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Philip Morris International in the 3rd quarter valued at about $54,000. Finally, Reston Wealth Management LLC bought a new position in shares of Philip Morris International during the 3rd quarter valued at about $58,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE PM traded down $0.02 during trading on Wednesday, reaching $118.45. 5,372,084 shares of the company traded hands, compared to its average volume of 4,459,081. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The company has a market cap of $184.17 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.22 and a beta of 0.54. The stock's 50 day moving average price is $125.80 and its two-hundred day moving average price is $121.07.

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

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.56%. The ex-dividend date was Thursday, December 26th. Philip Morris International's dividend payout ratio is currently 85.71%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's 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 sale, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares of the company's stock, valued at approximately $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PM. Stifel Nicolaus reissued a "buy" rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. UBS Group lifted 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, Citigroup raised their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $130.39.

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.