Congress Wealth Management LLC DE Has $1.43 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Congress Wealth Management LLC DE raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,875 shares of the company's stock after buying an additional 1,642 shares during the quarter. Congress Wealth Management LLC DE's holdings in Philip Morris International were worth $1,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Range Financial Group LLC grew its stake in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after buying an additional 19,127 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock worth $12,134,000 after purchasing an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after purchasing an additional 6,605 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock valued at $6,485,000 after purchasing an additional 18,183 shares during the last quarter. Finally, Czech National Bank boosted its holdings in Philip Morris International by 6.4% in the fourth quarter. Czech National Bank now owns 337,119 shares of the company's stock worth $40,572,000 after purchasing an additional 20,390 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

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Philip Morris International Price Performance

PM stock traded down $1.12 on Tuesday, reaching $157.62. 682,064 shares of the company were exchanged, compared to its average volume of 5,464,180. The firm has a market capitalization of $245.07 billion, a PE ratio of 34.92, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.87. The stock's fifty day moving average price is $146.57 and its 200 day moving average price is $132.43.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.43%. Philip Morris International's dividend payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PM shares. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Barclays upped their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. UBS Group boosted their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by corporate insiders.

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.