Arkadios Wealth Advisors Purchases 2,988 Shares of Philip Morris International Inc. (NYSE:PM)

Arkadios Wealth Advisors increased its stake in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,187 shares of the company’s stock after acquiring an additional 2,988 shares during the quarter. Arkadios Wealth Advisors’ holdings in Philip Morris International were worth $2,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Philip Morris International by 1.1% during the third quarter. Vanguard Group Inc. now owns 132,480,611 shares of the company’s stock worth $10,997,216,000 after acquiring an additional 1,451,582 shares in the last quarter. BlackRock Inc. boosted its stake in Philip Morris International by 1.0% during the third quarter. BlackRock Inc. now owns 100,951,462 shares of the company’s stock worth $8,379,979,000 after acquiring an additional 962,801 shares in the last quarter. State Street Corp raised its holdings in Philip Morris International by 0.7% during the third quarter. State Street Corp now owns 57,777,797 shares of the company’s stock worth $4,868,937,000 after buying an additional 389,746 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Philip Morris International by 22.7% during the third quarter. Price T Rowe Associates Inc. MD now owns 35,468,228 shares of the company’s stock worth $2,944,500,000 after buying an additional 6,558,762 shares during the last quarter. Finally, GQG Partners LLC raised its holdings in Philip Morris International by 1.6% during the second quarter. GQG Partners LLC now owns 30,443,730 shares of the company’s stock worth $3,006,398,000 after buying an additional 476,875 shares during the last quarter. 75.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on PM shares. StockNews.com started coverage on shares of Philip Morris International in a report on Thursday. They set a “hold” rating on the stock. Citigroup restated a “neutral” rating and set a $109.00 price objective on shares of Philip Morris International in a report on Tuesday, December 13th. UBS Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $106.00 to $116.00 in a report on Wednesday, March 1st. Morgan Stanley upped their price objective on shares of Philip Morris International from $109.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $95.00 to $109.00 and gave the company a “neutral” rating in a report on Monday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.73.

Philip Morris International Price Performance

Shares of PM stock opened at $94.79 on Friday. Philip Morris International Inc. has a one year low of $82.85 and a one year high of $109.81. The firm has a 50-day moving average of $100.69 and a 200-day moving average of $96.75. The company has a market cap of $146.95 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.03 and a beta of 0.69.

Philip Morris International (NYSE:PM – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $7.54 billion. Philip Morris International had a net margin of 11.22% and a negative return on equity of 127.24%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 earnings per share. As a group, research analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd will be given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 5.36%. The ex-dividend date is Wednesday, March 22nd. Philip Morris International’s dividend payout ratio is 87.44%.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 8,000 shares of Philip Morris International stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $98.35, for a total value of $786,800.00. Following the sale, the insider now owns 87,321 shares of the company’s stock, valued at $8,588,020.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Stacey Kennedy sold 20,308 shares of Philip Morris International stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $100.30, for a total value of $2,036,892.40. Following the completion of the transaction, the insider now owns 22,418 shares in the company, valued at $2,248,525.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Barth sold 8,000 shares of Philip Morris International stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $98.35, for a total transaction of $786,800.00. Following the completion of the transaction, the insider now owns 87,321 shares of the company’s stock, valued at approximately $8,588,020.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,064 shares of company stock valued at $11,738,763. Company insiders own 0.13% of the company’s stock.

Philip Morris International Profile

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.