Silvercrest Asset Management Group LLC Acquires 151 Shares of Philip Morris International Inc. (NYSE:PM)

Silvercrest Asset Management Group LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,199 shares of the company’s stock after purchasing an additional 151 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Philip Morris International were worth $6,523,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Meridian Wealth Partners LLC boosted its holdings in Philip Morris International by 4.1% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after buying an additional 70 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after acquiring an additional 73 shares during the last quarter. Balboa Wealth Partners grew its holdings in Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after purchasing an additional 74 shares during the period. Finally, Cravens & Co Advisors LLC increased its stake in Philip Morris International by 0.7% in the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock valued at $1,210,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This trade represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,822 shares of company stock worth $18,906,185 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted 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. Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Barclays lifted their price objective on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Philip Morris International Stock Performance

NYSE PM opened at $170.38 on Monday. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $176.49. The stock’s 50 day moving average price is $160.35 and its two-hundred day moving average price is $142.40. The stock has a market capitalization of $265.20 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.17%. Philip Morris International’s dividend payout ratio is 111.34%.

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.