Richard W. Paul & Associates LLC Sells 283 Shares of Philip Morris International Inc. (NYSE:PM)

Richard W. Paul & Associates LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,775 shares of the company’s stock after selling 283 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Philip Morris International were worth $1,308,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. OmniStar Financial Group Inc. purchased a new position in Philip Morris International during the 3rd quarter valued at about $772,000. Intergy Private Wealth LLC purchased a new position in Philip Morris International during the 3rd quarter valued at about $228,000. Aaron Wealth Advisors LLC grew its holdings in Philip Morris International by 29.8% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,398 shares of the company’s stock valued at $777,000 after buying an additional 1,467 shares in the last quarter. Claro Advisors LLC grew its holdings in Philip Morris International by 199.6% during the 3rd quarter. Claro Advisors LLC now owns 23,536 shares of the company’s stock valued at $2,857,000 after buying an additional 15,680 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Philip Morris International by 110.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,144 shares of the company’s stock valued at $503,000 after buying an additional 2,174 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $120.20 on Friday. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $128.22. The stock has a 50 day moving average price of $121.35 and a two-hundred day moving average price of $108.38. The company has a market capitalization of $186.86 billion, a P/E ratio of 23.48, a PEG ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts predict that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.49%. 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. Philip Morris International’s dividend payout ratio is currently 105.47%.

Analyst Ratings Changes

PM has been the subject of several recent analyst reports. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. UBS Group cut their price objective on Philip Morris International from $105.00 to $103.00 and set a “sell” rating for the company in a report on Tuesday. Citigroup boosted their price objective 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 price objective on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, Bank of America boosted their price objective on Philip Morris International from $125.00 to $139.00 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.95.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.