Mcdonald Partners LLC Has $867,000 Position in Philip Morris International Inc. (NYSE:PM)

Mcdonald Partners LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,203 shares of the company’s stock after acquiring an additional 150 shares during the period. Mcdonald Partners LLC’s holdings in Philip Morris International were worth $867,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PM. White Lighthouse Investment Management Inc. lifted its stake in shares of Philip Morris International by 71.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after acquiring an additional 4,999 shares during the period. Range Financial Group LLC raised its holdings in Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares during the last quarter. Accredited Investors Inc. lifted its position in Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after purchasing an additional 201,294 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its stake in shares of Philip Morris International by 37.5% in 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 during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group upped their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Finally, Barclays reduced their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.56.

Philip Morris International Trading Up 1.0 %

Shares of PM stock opened at $150.60 on Tuesday. The firm’s fifty day moving average price is $127.91 and its two-hundred day moving average price is $125.52. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $151.22. The firm has a market capitalization of $234.16 billion, a P/E ratio of 33.39, a PEG ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

About Philip Morris International

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.