ORG Wealth Partners LLC Has $347,000 Position in Philip Morris International Inc. (NYSE:PM)

ORG Wealth Partners LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,887 shares of the company’s stock after acquiring an additional 312 shares during the quarter. ORG Wealth Partners LLC’s holdings in Philip Morris International were worth $347,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC increased its holdings in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners raised its position in Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Philip Morris International in the third quarter worth $54,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Philip Morris International during the third quarter worth $58,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 2.7 %

Shares of NYSE PM traded down $3.29 during midday trading on Friday, reaching $118.57. The company’s stock had a trading volume of 1,558,374 shares, compared to its average volume of 3,608,249. The stock has a 50 day simple moving average of $126.60 and a 200-day simple moving average of $120.47. The stock has a market capitalization of $184.36 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, December 26th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Thursday, December 26th. Philip Morris International’s payout ratio is presently 85.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PM. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday. UBS Group boosted their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $130.39.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.