Sheaff Brock Investment Advisors LLC Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Sheaff Brock Investment Advisors LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 43,074 shares of the company’s stock after buying an additional 104 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Philip Morris International were worth $5,184,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock valued at $1,121,932,000 after purchasing an additional 3,363,454 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Philip Morris International by 161.6% during the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock valued at $235,936,000 after buying an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Philip Morris International by 14,611.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock worth $142,467,000 after buying an additional 1,165,554 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Philip Morris International by 13,666.6% in the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock worth $121,367,000 after buying an additional 992,467 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several research analyst reports. UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Barclays cut 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 research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Philip Morris International Trading Up 1.0 %

Shares of PM stock opened at $150.60 on Friday. The firm has a fifty day simple moving average of $127.47 and a 200-day simple moving average of $125.14. The company has a market capitalization of $234.16 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $151.22.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. Equities research analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

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.