Plan Group Financial LLC Purchases 2,028 Shares of Philip Morris International Inc. (NYSE:PM)

Plan Group Financial LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 20.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,726 shares of the company’s stock after acquiring an additional 2,028 shares during the quarter. Philip Morris International accounts for approximately 0.8% of Plan Group Financial LLC’s investment portfolio, making the stock its 25th largest holding. Plan Group Financial LLC’s holdings in Philip Morris International were worth $1,424,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC raised its holdings in Philip Morris International by 6.1% in the third quarter. Elevated Capital Advisors LLC now owns 12,218 shares of the company’s stock worth $1,483,000 after purchasing an additional 706 shares in the last quarter. GAM Holding AG bought a new position in Philip Morris International in the third quarter worth about $1,235,000. Private Advisor Group LLC raised its holdings in Philip Morris International by 6.9% in the third quarter. Private Advisor Group LLC now owns 83,214 shares of the company’s stock worth $10,102,000 after purchasing an additional 5,360 shares in the last quarter. Waldron Private Wealth LLC raised its holdings in Philip Morris International by 3.2% in the third quarter. Waldron Private Wealth LLC now owns 13,534 shares of the company’s stock worth $1,643,000 after purchasing an additional 419 shares in the last quarter. Finally, Eastern Bank bought a new position in Philip Morris International in the third quarter worth about $373,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.3 %

Shares of NYSE PM opened at $130.98 on Wednesday. The business’s 50 day moving average price is $121.68 and its 200 day moving average price is $109.12. The firm has a market cap of $203.62 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.35 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $131.97.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Philip Morris International’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts expect that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.12%. The ex-dividend date was Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio is currently 105.47%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PM. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. UBS Group cut their price objective on shares of Philip Morris International from $105.00 to $103.00 and set a “sell” rating on the stock in a report on Tuesday, October 15th. Finally, Bank of America upped their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.95.

Insiders Place Their Bets

In other Philip Morris International 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 value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Philip Morris International 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 value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. This represents 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 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.