Franklin Street Advisors Inc. NC Acquires 590 Shares of Philip Morris International Inc. (NYSE:PM)

Franklin Street Advisors Inc. NC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,289 shares of the company’s stock after acquiring an additional 590 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Philip Morris International were worth $998,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. lifted its stake in Philip Morris International by 142.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,668 shares of the company’s stock valued at $321,000 after purchasing an additional 1,569 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Philip Morris International by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 301,878 shares of the company’s stock worth $36,648,000 after acquiring an additional 2,860 shares during the period. Baker Tilly Wealth Management LLC increased its holdings in shares of Philip Morris International by 3.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 3,830 shares of the company’s stock worth $461,000 after acquiring an additional 126 shares during the last quarter. Legacy Private Trust Co. lifted its holdings in Philip Morris International by 50.3% during the 4th quarter. Legacy Private Trust Co. now owns 3,942 shares of the company’s stock valued at $474,000 after purchasing an additional 1,319 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in Philip Morris International by 16.2% during the fourth quarter. Douglas Lane & Associates LLC now owns 5,947 shares of the company’s stock worth $716,000 after purchasing an additional 830 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM traded down $3.29 during trading hours on Friday, hitting $118.57. The company’s stock had a trading volume of 1,558,374 shares, compared to its average volume of 3,608,249. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The stock has a fifty day simple moving average of $126.60 and a 200-day simple moving average of $120.47. The company has a market capitalization of $184.36 billion, a P/E ratio of 18.82, a PEG ratio of 2.22 and a beta of 0.54.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same period last year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current fiscal 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 given a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.55%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Insider Buying and Selling

In related news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s 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 transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

PM has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upped their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.39.

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.