Philip Morris International Inc. (NYSE:PM) Shares Bought by Lifeworks Advisors LLC

Lifeworks Advisors LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 16.9% during the 4th quarter, Holdings Channel reports. The firm owned 5,039 shares of the company’s stock after buying an additional 730 shares during the quarter. Lifeworks Advisors LLC’s holdings in Philip Morris International were worth $606,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in Philip Morris International by 4.5% in the 4th quarter. Larson Financial Group LLC now owns 9,513 shares of the company’s stock valued at $1,145,000 after acquiring an additional 413 shares during the period. Blankinship & Foster LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $240,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $4,032,000. Banco Santander S.A. increased its stake in shares of Philip Morris International by 34.0% during the fourth quarter. Banco Santander S.A. now owns 104,245 shares of the company’s stock worth $12,546,000 after purchasing an additional 26,434 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Philip Morris International by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,806,457 shares of the company’s stock worth $337,757,000 after purchasing an additional 77,088 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PM shares. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Barclays lifted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Down 1.6 %

Shares of PM opened at $151.05 on Friday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The stock has a fifty day simple moving average of $136.06 and a two-hundred day simple moving average of $129.07. The company has a market capitalization of $234.87 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s payout ratio is presently 119.73%.

Insider Activity at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. Insiders own 0.13% of the company’s stock.

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.