OmniStar Financial Group Inc. Invests $772,000 in Philip Morris International Inc. (NYSE:PM)

OmniStar Financial Group Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,350 shares of the company's stock, valued at approximately $772,000.

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

Wall Street Analysts Forecast Growth

PM has been the topic of a number of analyst reports. Barclays raised their target price on Philip Morris International from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Stifel Nicolaus raised their price objective on Philip Morris International from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, July 25th. The Goldman Sachs Group lifted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Finally, Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus price target of $123.95.

Insider Transactions at Philip Morris International

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

Philip Morris International Stock Performance

Shares of NYSE PM traded up $0.06 during mid-day trading on Friday, reaching $120.20. The company's stock had a trading volume of 4,046,034 shares, compared to its average volume of 5,321,175. The stock has a 50-day moving average of $121.35 and a two-hundred day moving average of $108.38. The stock has a market capitalization of $186.86 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.35 and a beta of 0.55. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $128.22.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from Philip Morris International's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.49%. Philip Morris International's dividend payout ratio (DPR) is 105.47%.

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.