World Investment Advisors LLC Grows Position in Philip Morris International Inc. (NYSE:PM)

World Investment Advisors LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 567.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,672 shares of the company's stock after buying an additional 43,075 shares during the quarter. World Investment Advisors LLC's holdings in Philip Morris International were worth $6,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Iron Horse Wealth Management LLC raised its stake in shares of Philip Morris International by 684.4% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company's stock worth $25,000 after buying an additional 219 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Philip Morris International in the second quarter worth $25,000. Sachetta LLC lifted its holdings in Philip Morris International by 64.8% in the second quarter. Sachetta LLC now owns 267 shares of the company's stock valued at $27,000 after acquiring an additional 105 shares during the period. Valley Wealth Managers Inc. boosted its position in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Finally, Dunhill Financial LLC grew its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after purchasing an additional 161 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other news, insider Werner Barth sold 7,500 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares of the company's stock, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised 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 note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target 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. Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Barclays boosted their target price on Philip Morris International from $145.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, 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 report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.50.

Philip Morris International Trading Down 0.2 %

Shares of NYSE:PM traded down $0.23 on Friday, hitting $126.77. The company had a trading volume of 1,023,293 shares, compared to its average volume of 5,337,600. The company has a market cap of $197.11 billion, a PE ratio of 20.12, a PEG ratio of 2.22 and a beta of 0.53. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The business has a 50 day moving average of $127.35 and a 200 day moving average of $117.60.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 26th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.26%. Philip Morris International's payout ratio is currently 85.71%.

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.