Creative Financial Designs Inc. ADV Acquires 73 Shares of Philip Morris International Inc. (NYSE:PM)

Creative Financial Designs Inc. ADV raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,628 shares of the company’s stock after acquiring an additional 73 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Philip Morris International were worth $437,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. Dunhill Financial LLC raised its position in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $37,000. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of a number of analyst reports. Stifel Nicolaus lifted 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. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Down 1.2 %

Shares of PM stock opened at $153.79 on Wednesday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The stock’s fifty day simple moving average is $140.44 and its 200 day simple moving average is $130.64. The firm has a market capitalization of $239.12 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) 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 7.89%. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s payout ratio is currently 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.