Keystone Financial Planning Inc. Has $10.06 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Keystone Financial Planning Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% during the 3rd quarter, Holdings Channel reports. The fund owned 82,857 shares of the company’s stock after selling 643 shares during the period. Philip Morris International comprises approximately 3.0% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 4th largest position. Keystone Financial Planning Inc.’s holdings in Philip Morris International were worth $10,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of PM. Campbell Wealth Management acquired a new position in shares of Philip Morris International during the third quarter valued at about $315,000. Gladstone Institutional Advisory LLC increased its position in Philip Morris International by 37.7% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 18,899 shares of the company’s stock valued at $2,294,000 after buying an additional 5,178 shares in the last quarter. Pursue Wealth Partners LLC acquired a new position in Philip Morris International during the 3rd quarter worth approximately $337,000. Principal Securities Inc. boosted its holdings in Philip Morris International by 7.9% in the third quarter. Principal Securities Inc. now owns 54,715 shares of the company’s stock worth $6,642,000 after acquiring an additional 4,022 shares in the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in Philip Morris International in the third quarter valued at approximately $58,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. 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 Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,418 shares of company stock valued at $15,247,052. Company insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $130.65 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The company has a market capitalization of $203.14 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.31 and a beta of 0.55. The business has a fifty day moving average price of $123.70 and a two-hundred day moving average price of $111.17.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a $1.35 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. This represents a $5.40 annualized dividend and a yield of 4.13%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.85.

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.