Philip Morris International Inc. (NYSE:PM) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 3.8% in the fourth quarter, HoldingsChannel reports. The fund owned 31,264 shares of the company’s stock after purchasing an additional 1,149 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Philip Morris International were worth $2,941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kingswood Wealth Advisors LLC acquired a new stake in Philip Morris International in the 3rd quarter valued at about $240,000. Raymond James Financial Services Advisors Inc. grew its position in Philip Morris International by 8.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 551,255 shares of the company’s stock worth $51,035,000 after buying an additional 41,950 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Philip Morris International by 59.7% in the third quarter. Simon Quick Advisors LLC now owns 9,578 shares of the company’s stock valued at $887,000 after buying an additional 3,581 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Philip Morris International by 12.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 27,060 shares of the company’s stock worth $2,505,000 after acquiring an additional 3,075 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in shares of Philip Morris International by 114.7% during the third quarter. Stratos Wealth Advisors LLC now owns 11,541 shares of the company’s stock worth $1,069,000 after purchasing an additional 6,166 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 1.2 %

PM opened at $96.04 on Thursday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.70. The stock has a fifty day moving average price of $92.23 and a 200 day moving average price of $92.25. The stock has a market cap of $149.30 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.01 and a beta of 0.60.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.41%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PM shares. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $105.50.

Insider Activity at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,250 shares of company stock valued at $3,339,528. 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.