Private Advisor Group LLC Buys 352 Shares of Philip Morris International Inc. (NYSE:PM)

Private Advisor Group LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,566 shares of the company’s stock after buying an additional 352 shares during the period. Private Advisor Group LLC’s holdings in Philip Morris International were worth $10,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in Philip Morris International by 1.4% in the 4th quarter. Global Retirement Partners LLC now owns 41,090 shares of the company’s stock worth $4,945,000 after buying an additional 571 shares during the last quarter. Plan Group Financial LLC raised its stake in shares of Philip Morris International by 8.3% during the fourth quarter. Plan Group Financial LLC now owns 12,704 shares of the company’s stock worth $1,529,000 after acquiring an additional 978 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $219,000. Klingman & Associates LLC boosted its stake in shares of Philip Morris International by 10.8% in the 4th quarter. Klingman & Associates LLC now owns 3,315 shares of the company’s stock valued at $399,000 after purchasing an additional 324 shares in the last quarter. Finally, Callahan Advisors LLC grew its holdings in shares of Philip Morris International by 153.8% during the 4th quarter. Callahan Advisors LLC now owns 9,734 shares of the company’s stock valued at $1,171,000 after purchasing an additional 5,898 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM opened at $151.68 on Friday. The stock has a market capitalization of $235.84 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55. The stock’s 50 day moving average price is $129.26 and its 200-day moving average price is $126.08. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $152.53.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Research analysts forecast that Philip Morris International Inc. will post 7.13 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.56%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PM. Barclays lowered their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Stifel Nicolaus boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday. One 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’s stock. Based on data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $141.22.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.