Dover Advisors LLC Acquires 568 Shares of Philip Morris International Inc. (NYSE:PM)

Dover Advisors LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,805 shares of the company’s stock after purchasing an additional 568 shares during the quarter. Dover Advisors LLC’s holdings in Philip Morris International were worth $1,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Investment Advisory Services Inc. TX ADV increased its stake in Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after purchasing an additional 78 shares in the last quarter. Intergy Private Wealth LLC lifted its stake in Philip Morris International by 4.3% in the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after buying an additional 80 shares in the last quarter. BKM Wealth Management LLC boosted its holdings in shares of Philip Morris International by 3.4% in the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after buying an additional 81 shares during the period. 49 Wealth Management LLC increased its position in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after acquiring an additional 84 shares in the last quarter. Finally, Woodmont Investment Counsel LLC raised its holdings in shares of Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after acquiring an additional 86 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 1.9 %

Shares of Philip Morris International stock opened at $154.39 on Monday. The stock has a market cap of $240.05 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $154.64. The business’s 50 day moving average is $129.81 and its 200-day moving average is $126.52.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.50%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PM shares. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Barclays reduced their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $141.22.

Insider Buying and Selling

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares of the company’s stock, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,143 shares of company stock worth $19,092,846. Company insiders own 0.13% of the company’s stock.

Philip Morris International Company 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.