Founders Grove Wealth Partners LLC Takes $384,000 Position in Philip Morris International Inc. (NYSE:PM)

Founders Grove Wealth Partners LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,191 shares of the company’s stock, valued at approximately $384,000.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Philip Morris International by 24.5% during the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after acquiring an additional 1,715 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in Philip Morris International by 12.0% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 17,946 shares of the company’s stock worth $1,818,000 after acquiring an additional 1,919 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Philip Morris International by 79.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,878,158 shares of the company’s stock worth $595,634,000 after acquiring an additional 2,599,684 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Philip Morris International by 9.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,126,834 shares of the company’s stock worth $316,849,000 after acquiring an additional 274,872 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in Philip Morris International by 18.3% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,281 shares of the company’s stock worth $1,447,000 after acquiring an additional 2,205 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.7 %

NYSE PM opened at $118.41 on Wednesday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The company has a market capitalization of $184.11 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54. The firm’s 50 day moving average is $125.80 and its 200-day moving average is $121.07.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the company earned $1.67 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.56%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Insider Activity at Philip Morris International

In other Philip Morris International news, 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 directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Werner Barth sold 7,500 shares of Philip Morris International 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 transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. This trade represents a 7.29 % 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.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price 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 target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus restated a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $130.39.

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.