Philip Morris International Inc. (NYSE:PM) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 97.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,065 shares of the company's stock after purchasing an additional 18,257 shares during the quarter. Kingsview Wealth Management LLC's holdings in Philip Morris International were worth $4,461,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC boosted its position in shares of Philip Morris International by 26.3% during the fourth quarter. Apollon Wealth Management LLC now owns 52,924 shares of the company's stock valued at $6,369,000 after buying an additional 11,031 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Philip Morris International by 0.8% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 159,495 shares of the company's stock valued at $19,195,000 after acquiring an additional 1,197 shares during the period. Vest Financial LLC grew its position in Philip Morris International by 13.4% in the 4th quarter. Vest Financial LLC now owns 8,828 shares of the company's stock valued at $1,062,000 after acquiring an additional 1,042 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in Philip Morris International by 2.2% in the fourth quarter. Joel Isaacson & Co. LLC now owns 8,083 shares of the company's stock worth $973,000 after purchasing an additional 173 shares during the period. Finally, Platform Technology Partners lifted its position in shares of Philip Morris International by 8.5% during the fourth quarter. Platform Technology Partners now owns 8,003 shares of the company's stock worth $963,000 after purchasing an additional 627 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $134.35.

Philip Morris International Price Performance

Shares of PM stock traded down $0.92 during mid-day trading on Friday, hitting $144.40. 7,207,465 shares of the stock traded hands, compared to its average volume of 5,552,923. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $146.78. The stock has a market cap of $224.51 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.55 and a beta of 0.55. The stock's fifty day moving average is $125.66 and its two-hundred day moving average is $123.97.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating 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 9.24%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's payout ratio is currently 119.73%.

Philip Morris International Company 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.