Philip Morris International Inc. (NYSE:PM) Shares Bought by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,209 shares of the company’s stock after acquiring an additional 96 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Philip Morris International were worth $268,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sumitomo Life Insurance Co. raised its holdings in shares of Philip Morris International by 2.4% during the third quarter. Sumitomo Life Insurance Co. now owns 18,827 shares of the company’s stock worth $2,286,000 after purchasing an additional 434 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Philip Morris International by 1.4% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 22,449 shares of the company’s stock valued at $2,725,000 after buying an additional 304 shares during the last quarter. Griffin Asset Management Inc. lifted its holdings in shares of Philip Morris International by 1.8% in the 3rd quarter. Griffin Asset Management Inc. now owns 24,435 shares of the company’s stock valued at $2,966,000 after buying an additional 442 shares during the period. Opal Wealth Advisors LLC boosted its stake in shares of Philip Morris International by 93.9% in the third quarter. Opal Wealth Advisors LLC now owns 4,443 shares of the company’s stock worth $539,000 after buying an additional 2,152 shares during the last quarter. Finally, Cascade Investment Group Inc. purchased a new stake in shares of Philip Morris International in the third quarter worth about $215,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred 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 in the company, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on PM shares. UBS Group decreased their price target on Philip Morris International from $105.00 to $103.00 and set a “sell” rating for the company in a report on Tuesday. Bank of America boosted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Barclays upped their price objective on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. One equities 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.95.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $0.10 during trading on Wednesday, reaching $120.52. The stock had a trading volume of 787,498 shares, compared to its average volume of 5,329,478. The business has a fifty day moving average price of $121.09 and a 200-day moving average price of $108.01. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $128.22. The stock has a market cap of $187.36 billion, a PE ratio of 23.52, a PEG ratio of 2.35 and a beta of 0.55.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s payout ratio is currently 105.47%.

Philip Morris International Company 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.