Philip Morris International Inc. (NYSE:PM) Shares Purchased by Net Worth Advisory Group

Net Worth Advisory Group lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,625 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Net Worth Advisory Group’s holdings in Philip Morris International were worth $797,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its position in shares of Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after buying an additional 78 shares during the period. Intergy Private Wealth LLC raised its position in shares of Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after buying an additional 80 shares during the period. BKM Wealth Management LLC raised its position in shares of Philip Morris International by 3.4% during the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after buying an additional 81 shares during the period. Finally, Detalus Advisors LLC raised its position in shares of Philip Morris International by 2.6% during the 4th quarter. Detalus Advisors LLC now owns 3,231 shares of the company’s stock valued at $389,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.5 %

Shares of NYSE PM opened at $150.14 on Tuesday. The firm has a market cap of $233.44 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The business’s 50 day moving average is $136.66 and its two-hundred day moving average is $129.35.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 negative return on equity of 120.08% and a net margin of 7.89%. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $144.56.

Insider Transactions at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by company 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.