Boston Mountain Money Management Inc. Purchases New Position in Philip Morris International Inc. (NYSE:PM)

Boston Mountain Money Management Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 1,951 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sapient Capital LLC grew its holdings in shares of Philip Morris International by 152.4% during the third quarter. Sapient Capital LLC now owns 129,938 shares of the company’s stock worth $15,844,000 after purchasing an additional 78,459 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Philip Morris International during the third quarter worth about $313,000. Thomasville National Bank grew its holdings in shares of Philip Morris International by 1.6% during the third quarter. Thomasville National Bank now owns 42,466 shares of the company’s stock worth $5,155,000 after purchasing an additional 679 shares during the last quarter. Sunflower Bank N.A. grew its holdings in shares of Philip Morris International by 4.3% during the third quarter. Sunflower Bank N.A. now owns 2,298 shares of the company’s stock worth $279,000 after purchasing an additional 94 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Philip Morris International by 84.8% in the third quarter. Sound Income Strategies LLC now owns 3,274 shares of the company’s stock worth $397,000 after acquiring an additional 1,502 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PM. UBS Group lifted their price objective on Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. The Goldman Sachs Group boosted their price target on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Barclays boosted their price target on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Stifel Nicolaus boosted their price target on Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Bank of America boosted their price target on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.15.

Philip Morris International Stock Performance

NYSE:PM traded up $0.23 during trading on Monday, reaching $120.33. The company’s stock had a trading volume of 255,731 shares, compared to its average volume of 5,334,079. The firm has a market cap of $187.06 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. The firm has a 50 day moving average of $120.84 and a 200-day moving average of $107.61. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $128.22.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts forecast that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio is currently 105.47%.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. This trade 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.