Focus Partners Wealth Increases Position in Philip Morris International Inc. (NYSE:PM)

Focus Partners Wealth increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 117.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,782 shares of the company’s stock after purchasing an additional 166,377 shares during the quarter. Focus Partners Wealth’s holdings in Philip Morris International were worth $37,426,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PM. NewSquare Capital LLC grew its position in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International in the fourth quarter worth $33,000. Knuff & Co LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth $36,000. Sierra Ocean LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at $37,000. Finally, Transce3nd LLC acquired a new stake in shares of Philip Morris International in the 4th quarter worth $41,000. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other news, insider Werner Barth sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at $15,795,295.48. This trade represents a 8.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction 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. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PM. JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays lifted their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Citigroup upped their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Finally, StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Philip Morris International Price Performance

NYSE PM opened at $169.61 on Friday. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $176.49. The company has a market capitalization of $264.00 billion, a PE ratio of 37.61, a P/E/G ratio of 2.65 and a beta of 0.50. The company has a fifty day moving average of $158.92 and a 200 day moving average of $141.12.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 earnings per share. 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 declared 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. This represents a $5.40 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

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.