Detalus Advisors LLC Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Detalus Advisors LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,231 shares of the company’s stock after acquiring an additional 81 shares during the period. Detalus Advisors LLC’s holdings in Philip Morris International were worth $389,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of Philip Morris International by 29.1% during the third quarter. Farther Finance Advisors LLC now owns 26,612 shares of the company’s stock worth $3,231,000 after acquiring an additional 5,996 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of Philip Morris International by 3.7% during the third quarter. Chicago Partners Investment Group LLC now owns 8,474 shares of the company’s stock worth $1,114,000 after acquiring an additional 299 shares during the period. Optas LLC purchased a new stake in shares of Philip Morris International during the third quarter worth $268,000. Private Wealth Partners LLC increased its position in shares of Philip Morris International by 5.4% during the third quarter. Private Wealth Partners LLC now owns 3,587 shares of the company’s stock worth $435,000 after acquiring an additional 184 shares during the period. Finally, Pure Financial Advisors LLC increased its position in shares of Philip Morris International by 7.9% during the third quarter. Pure Financial Advisors LLC now owns 6,621 shares of the company’s stock worth $804,000 after acquiring an additional 482 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now 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 sold 128,143 shares of company stock worth $19,092,846. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $155.26 on Monday. The stock’s 50-day moving average is $132.90 and its two-hundred day moving average is $127.89. The firm has a market cap of $241.41 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $158.39.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays upped their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. UBS Group increased their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.56.

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.