Waldron Private Wealth LLC Acquires 419 Shares of Philip Morris International Inc. (NYSE:PM)

Waldron Private Wealth LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,534 shares of the company’s stock after buying an additional 419 shares during the period. Waldron Private Wealth LLC’s holdings in Philip Morris International were worth $1,643,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Austin Private Wealth LLC increased its stake in Philip Morris International by 8.6% in the first quarter. Austin Private Wealth LLC now owns 3,288 shares of the company’s stock valued at $299,000 after purchasing an additional 260 shares in the last quarter. Capital Advisors Wealth Management LLC purchased a new position in Philip Morris International in the first quarter valued at about $256,000. Riverview Trust Co purchased a new stake in shares of Philip Morris International during the 1st quarter valued at approximately $73,000. Prentice Wealth Management LLC lifted its stake in shares of Philip Morris International by 9.4% during the 1st quarter. Prentice Wealth Management LLC now owns 3,874 shares of the company’s stock valued at $355,000 after buying an additional 333 shares in the last quarter. Finally, CFM Wealth Partners LLC increased its holdings in Philip Morris International by 0.4% during the 1st quarter. CFM Wealth Partners LLC now owns 89,091 shares of the company’s stock worth $8,163,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Philip Morris International Trading Up 10.3 %

PM traded up $12.22 during trading on Tuesday, hitting $131.18. 9,835,789 shares of the company’s stock were exchanged, compared to its average volume of 5,344,645. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $131.19. The stock has a 50 day moving average price of $121.41 and a 200 day moving average price of $108.83. The firm has a market cap of $203.93 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date 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 is currently 105.47%.

Analysts Set New Price Targets

PM has been the subject of several research analyst reports. UBS Group dropped their price target on Philip Morris International from $105.00 to $103.00 and set a “sell” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus boosted their price target on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upped their price objective on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.95.

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.