Acropolis Investment Management LLC Increases Stock Position in Philip Morris International Inc. (NYSE:PM)

Acropolis Investment Management LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 77.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,612 shares of the company’s stock after buying an additional 1,142 shares during the period. Acropolis Investment Management LLC’s holdings in Philip Morris International were worth $314,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PM. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Philip Morris International by 10.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,075 shares of the company’s stock worth $129,000 after buying an additional 100 shares during the period. Park Avenue Securities LLC increased its holdings in Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after acquiring an additional 16,035 shares in the last quarter. Kathmere Capital Management LLC raised its position in Philip Morris International by 45.8% during the fourth quarter. Kathmere Capital Management LLC now owns 18,699 shares of the company’s stock worth $2,250,000 after acquiring an additional 5,873 shares during the period. San Luis Wealth Advisors LLC lifted its holdings in Philip Morris International by 14.2% during the fourth quarter. San Luis Wealth Advisors LLC now owns 7,055 shares of the company’s stock valued at $849,000 after purchasing an additional 876 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Philip Morris International by 24.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 26,071 shares of the company’s stock valued at $3,138,000 after purchasing an additional 5,185 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0 %

Philip Morris International stock opened at $118.45 on Thursday. The stock has a market cap of $184.17 billion, a P/E ratio of 18.80, a PEG ratio of 2.22 and a beta of 0.54. The company has a 50-day moving average price of $125.80 and a 200 day moving average price of $121.07. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 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 4.56%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

Insider Activity at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International 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 completion of the sale, the chairman now directly owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now directly owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays decreased their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.39.

About Philip Morris International

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.