Gen Wealth Partners Inc Has $139,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Gen Wealth Partners Inc lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,159 shares of the company’s stock after selling 167 shares during the period. Gen Wealth Partners Inc’s holdings in Philip Morris International were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GQG Partners LLC raised its holdings in shares of Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter worth approximately $522,214,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after purchasing an additional 4,298,530 shares in the last quarter. Capital World Investors boosted its position in shares of Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after buying an additional 3,185,258 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other Philip Morris International news, CFO Emmanuel Babeau sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the completion of the transaction, the chief financial officer now directly owns 139,105 shares of the company’s stock, valued at $20,705,779.25. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares of the company’s stock, valued at $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock worth $19,655,585 in the last quarter. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PM shares. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Philip Morris International Stock Performance

Shares of PM opened at $169.61 on Friday. The firm has a market cap of $264.00 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $176.49. The business has a 50-day moving average of $158.92 and a 200 day moving average of $141.12.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the company posted $1.50 EPS. Philip Morris International’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.18%. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

About Philip Morris International

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.