Lindbrook Capital LLC Boosts Holdings in Philip Morris International Inc. (NYSE:PM)

Lindbrook Capital LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,260 shares of the company’s stock after buying an additional 144 shares during the period. Lindbrook Capital LLC’s holdings in Philip Morris International were worth $2,077,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Beacon Harbor Wealth Advisors Inc. increased its holdings in shares of Philip Morris International by 2.0% in the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 62,583 shares of the company’s stock worth $7,532,000 after buying an additional 1,231 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $522,214,000. Dana Investment Advisors Inc. increased its holdings in shares of Philip Morris International by 2.3% in the 4th quarter. Dana Investment Advisors Inc. now owns 114,137 shares of the company’s stock worth $13,736,000 after buying an additional 2,517 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Philip Morris International by 0.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 275,224 shares of the company’s stock worth $33,123,000 after buying an additional 2,229 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Philip Morris International by 1.1% in the 4th quarter. Arizona State Retirement System now owns 450,850 shares of the company’s stock worth $54,260,000 after buying an additional 5,121 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,143 shares of company stock valued at $19,092,846. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PM. JPMorgan Chase & Co. increased their target price on shares of 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 increased their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Barclays increased their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Stifel Nicolaus increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Down 0.5 %

Shares of Philip Morris International stock opened at $153.22 on Thursday. The firm has a market cap of $238.23 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The company’s fifty day simple moving average is $134.82 and its two-hundred day simple moving average is $128.60.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.52%. Philip Morris International’s dividend payout ratio is 119.73%.

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.