Philip Morris International Inc. (NYSE:PM) Shares Purchased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc boosted its stake in Philip Morris International Inc. (NYSE:PM) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,570 shares of the company’s stock after purchasing an additional 229 shares during the period. Fragasso Financial Advisors Inc’s holdings in Philip Morris International were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after purchasing an additional 1,715 shares in the last quarter. Parallel Advisors LLC boosted its position in Philip Morris International by 3.0% in the 2nd quarter. Parallel Advisors LLC now owns 13,730 shares of the company’s stock valued at $1,391,000 after buying an additional 400 shares during the period. Thoroughbred Financial Services LLC increased its position in shares of Philip Morris International by 29.8% during the second quarter. Thoroughbred Financial Services LLC now owns 7,100 shares of the company’s stock worth $719,000 after acquiring an additional 1,631 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of Philip Morris International by 11.4% in the second quarter. J.W. Cole Advisors Inc. now owns 13,109 shares of the company’s stock valued at $1,328,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its holdings in Philip Morris International by 12.0% in the second quarter. Prime Capital Investment Advisors LLC now owns 17,946 shares of the company’s stock valued at $1,818,000 after purchasing an additional 1,919 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group raised their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $130.39.

Philip Morris International Price Performance

NYSE PM opened at $117.47 on Tuesday. The company has a fifty day moving average of $126.08 and a two-hundred day moving average of $120.95. The company has a market capitalization of $182.65 billion, a PE ratio of 18.65, a P/E/G ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. On average, research analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.60%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Insider Buying and Selling

In related news, insider Werner Barth sold 7,500 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is 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.