Private Advisor Group LLC Increases Position in Philip Morris International Inc. (NYSE:PM)

Private Advisor Group LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 6.9% in the third quarter, HoldingsChannel reports. The firm owned 83,214 shares of the company’s stock after buying an additional 5,360 shares during the period. Private Advisor Group LLC’s holdings in Philip Morris International were worth $10,102,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC acquired a new position in shares of Philip Morris International during the first quarter worth $5,634,000. Axxcess Wealth Management LLC increased its position in Philip Morris International by 25.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock valued at $3,151,000 after buying an additional 6,974 shares in the last quarter. Duality Advisers LP boosted its holdings in Philip Morris International by 165.6% in the first quarter. Duality Advisers LP now owns 38,644 shares of the company’s stock worth $3,541,000 after acquiring an additional 24,093 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Philip Morris International by 11.5% during the first quarter. New Mexico Educational Retirement Board now owns 90,111 shares of the company’s stock worth $8,465,000 after acquiring an additional 9,300 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Philip Morris International by 17.9% during the second quarter. Sequoia Financial Advisors LLC now owns 31,591 shares of the company’s stock valued at $3,203,000 after acquiring an additional 4,793 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PM shares. Bank of America lifted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Barclays boosted their price target on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group raised their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $126.85.

Philip Morris International Stock Up 1.1 %

Shares of PM opened at $132.79 on Friday. The stock’s 50-day moving average price is $121.97 and its 200-day moving average price is $109.28. The company has a market capitalization of $206.43 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.35 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $132.90.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is currently 105.47%.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

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.