True Wealth Design LLC Increases Position in Philip Morris International Inc. (NYSE:PM)

True Wealth Design LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 304.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 745 shares of the company’s stock after buying an additional 561 shares during the period. True Wealth Design LLC’s holdings in Philip Morris International were worth $90,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Philip Morris International by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock valued at $16,780,688,000 after buying an additional 1,167,810 shares during the period. 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 period. GQG Partners LLC boosted its holdings in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock valued at $2,079,262,000 after purchasing an additional 516,617 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus boosted their price target on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Citigroup boosted their price target on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Finally, Barclays boosted their price target on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $166.33.

Philip Morris International Trading Up 0.7%

Shares of PM stock opened at $170.38 on Friday. The business’s fifty day simple moving average is $160.35 and its 200-day simple moving average is $142.33. The company has a market cap of $265.20 billion, a PE ratio of 37.78, a PEG ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $176.49.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s payout ratio is 111.34%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This trade represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This represents a 6.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,822 shares of company stock valued at $18,906,185 in the last ninety days. Company insiders own 0.13% of the company’s stock.

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.