White Lighthouse Investment Management Inc. Raises Holdings in Philip Morris International Inc. (NYSE:PM)

White Lighthouse Investment Management Inc. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 71.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,999 shares of the company's stock after buying an additional 4,999 shares during the period. White Lighthouse Investment Management Inc.'s holdings in Philip Morris International were worth $1,457,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Philip Morris International by 4.8% in the first quarter. Nordea Investment Management AB now owns 76,889 shares of the company's stock worth $7,061,000 after buying an additional 3,525 shares during the period. Catalina Capital Group LLC purchased a new stake in Philip Morris International in the first quarter worth $355,000. Richardson Financial Services Inc. lifted its position in shares of Philip Morris International by 8.6% during the first quarter. Richardson Financial Services Inc. now owns 2,504 shares of the company's stock worth $230,000 after purchasing an additional 198 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Philip Morris International by 16.4% during the first quarter. Geneos Wealth Management Inc. now owns 13,926 shares of the company's stock valued at $1,276,000 after purchasing an additional 1,966 shares during the period. Finally, Advisors Capital Management LLC boosted its stake in shares of Philip Morris International by 7.7% during the first quarter. Advisors Capital Management LLC now owns 639,689 shares of the company's stock valued at $58,608,000 after purchasing an additional 45,805 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

PM traded down $6.88 during trading on Wednesday, hitting $125.31. The stock had a trading volume of 10,077,328 shares, compared to its average volume of 4,952,688. The stock has a 50 day simple moving average of $124.07 and a two-hundred day simple moving average of $112.02. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market capitalization of $194.84 billion, a PE ratio of 19.89, a PEG ratio of 2.28 and a beta of 0.54.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping 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 firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the previous year, the business earned $1.67 EPS. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a $1.35 dividend. This is a positive change from Philip Morris International's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International's dividend payout ratio (DPR) is presently 85.71%.

Insider Buying and Selling

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Philip Morris International news, 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 sale, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares of the company's stock, valued at approximately $124,624,965.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,418 shares of company stock worth $15,247,052 in the last three months. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Bank of America raised their price target on Philip Morris International from $125.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, UBS Group upped their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $127.85.

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.