Dynasty Wealth Management LLC Acquires 866 Shares of Philip Morris International Inc. (NYSE:PM)

Dynasty Wealth Management LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,453 shares of the company’s stock after purchasing an additional 866 shares during the period. Dynasty Wealth Management LLC’s holdings in Philip Morris International were worth $2,462,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock worth $6,715,237,000 after buying an additional 224,840 shares during the period. Geode Capital Management LLC raised its holdings in shares of Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock valued at $3,886,818,000 after acquiring an additional 621,034 shares in the last quarter. FMR LLC lifted its stake in Philip Morris International by 40.9% in the third 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. Bank of New York Mellon Corp increased its position in Philip Morris International by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock valued at $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Philip Morris International by 3.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock valued at $1,560,752,000 after purchasing an additional 376,406 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.5 %

PM stock opened at $153.95 on Friday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $158.39. The stock has a market capitalization of $239.37 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The firm has a 50 day moving average of $132.28 and a 200 day moving average of $127.47.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share 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%. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock worth $19,092,846 over the last quarter. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PM shares. Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.56.

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.