Philip Morris International Inc. (NYSE:PM) Shares Acquired by Asset Planning Services Inc. LA ADV

Asset Planning Services Inc. LA ADV increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,960 shares of the company’s stock after purchasing an additional 900 shares during the period. Philip Morris International accounts for about 3.2% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 15th biggest position. Asset Planning Services Inc. LA ADV’s holdings in Philip Morris International were worth $6,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brookstone Capital Management grew its holdings in shares of Philip Morris International by 5.4% during the first quarter. Brookstone Capital Management now owns 28,607 shares of the company’s stock worth $2,621,000 after buying an additional 1,466 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Philip Morris International in the first quarter valued at approximately $125,000. Wealthcare Advisory Partners LLC increased its stake in Philip Morris International by 8.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,522 shares of the company’s stock worth $964,000 after buying an additional 848 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Philip Morris International by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 226,472 shares of the company’s stock worth $20,749,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Thrive Wealth Management LLC raised its position in shares of Philip Morris International by 19.0% in the 1st quarter. Thrive Wealth Management LLC now owns 7,960 shares of the company’s stock valued at $729,000 after purchasing an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.8 %

NYSE PM opened at $132.45 on Thursday. The company has a 50 day moving average price of $121.97 and a two-hundred day moving average price of $109.28. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $132.45. The stock has a market capitalization of $205.90 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55.

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

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.08%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s payout ratio is currently 105.47%.

Analyst Ratings Changes

Several research firms have recently weighed in on PM. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Barclays raised their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday. Finally, Bank of America increased their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.85.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International 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 in the company, valued at approximately $9,877,305.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.