SWS Partners Acquires 20,796 Shares of Philip Morris International Inc. (NYSE:PM)

SWS Partners grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 4,939.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,217 shares of the company's stock after buying an additional 20,796 shares during the period. SWS Partners' holdings in Philip Morris International were worth $2,576,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Iron Horse Wealth Management LLC boosted its stake in shares of Philip Morris International by 684.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company's stock valued at $25,000 after purchasing an additional 219 shares in the last quarter. Sachetta LLC boosted its position in Philip Morris International by 64.8% during the second quarter. Sachetta LLC now owns 267 shares of the company's stock valued at $27,000 after buying an additional 105 shares during the period. Fortitude Family Office LLC grew its stake in shares of Philip Morris International by 57.4% during the second quarter. Fortitude Family Office LLC now owns 318 shares of the company's stock valued at $32,000 after buying an additional 116 shares during the last quarter. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company's stock worth $30,000 after buying an additional 230 shares during the period. Finally, Olistico Wealth LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at about $34,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 0.3 %

Philip Morris International stock traded up $0.34 during mid-day trading on Tuesday, hitting $120.42. The company had a trading volume of 5,493,307 shares, compared to its average volume of 5,352,301. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $128.22. The stock's 50 day moving average price is $120.97 and its two-hundred day moving average price is $107.81. The company has a market capitalization of $187.20 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The firm had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $9.19 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The business's revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.48%. Philip Morris International's dividend payout ratio is presently 105.47%.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PM shares. Citigroup lifted their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Bank of America lifted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Barclays increased their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus increased their target price on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.95.

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.