WBI Investments LLC Has $1.70 Million Stake in Philip Morris International Inc. (NYSE:PM)

WBI Investments LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 81.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,144 shares of the company’s stock after buying an additional 6,368 shares during the period. WBI Investments LLC’s holdings in Philip Morris International were worth $1,702,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Capital & Planning LLC lifted its position in Philip Morris International by 7.1% during the 4th quarter. Capital & Planning LLC now owns 2,613 shares of the company’s stock valued at $318,000 after purchasing an additional 173 shares during the period. Sanibel Captiva Trust Company Inc. lifted its stake in Philip Morris International by 8.1% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 24,458 shares of the company’s stock valued at $2,944,000 after acquiring an additional 1,838 shares in the last quarter. HB Wealth Management LLC grew its position in Philip Morris International by 22.0% in the fourth quarter. HB Wealth Management LLC now owns 65,613 shares of the company’s stock valued at $7,896,000 after purchasing an additional 11,846 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Philip Morris International by 37.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 19,263 shares of the company’s stock worth $2,318,000 after acquiring an additional 5,219 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of Philip Morris International by 11.9% in the 4th quarter. Financial Management Professionals Inc. now owns 4,139 shares of the company’s stock valued at $498,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. The trade was a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the transaction, the chief financial officer now directly owns 139,105 shares in the company, valued at $20,705,779.25. This represents a 17.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 126,822 shares of company stock worth $18,906,185 in the last three months. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PM has been the topic of several recent research reports. Citigroup increased their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Morgan Stanley reiterated an “overweight” rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays upped their target price on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Philip Morris International Stock Performance

NYSE:PM opened at $170.38 on Monday. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $176.49. The firm has a market cap of $265.20 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The business has a 50 day moving average price of $160.35 and a 200-day moving average price of $142.40.

Philip Morris International (NYSE:PM) last announced 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. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

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