Darwin Wealth Management LLC Makes New $54,000 Investment in Philip Morris International Inc. (NYSE:PM)

Darwin Wealth Management LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the third quarter, HoldingsChannel reports. The institutional investor acquired 446 shares of the company’s stock, valued at approximately $54,000.

Several other large investors have also recently modified their holdings of the stock. First Horizon Advisors Inc. increased its position in shares of Philip Morris International by 1.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 214,734 shares of the company’s stock valued at $26,069,000 after purchasing an additional 3,874 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $28,581,000. Howe & Rusling Inc. increased its position in shares of Philip Morris International by 0.3% during the 3rd quarter. Howe & Rusling Inc. now owns 139,128 shares of the company’s stock valued at $16,890,000 after purchasing an additional 383 shares during the last quarter. Hilton Capital Management LLC increased its position in shares of Philip Morris International by 68.9% during the 3rd quarter. Hilton Capital Management LLC now owns 5,126 shares of the company’s stock valued at $622,000 after purchasing an additional 2,091 shares during the last quarter. Finally, NS Partners Ltd increased its position in shares of Philip Morris International by 1.3% during the 3rd quarter. NS Partners Ltd now owns 90,974 shares of the company’s stock valued at $11,044,000 after purchasing an additional 1,196 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

Shares of PM stock opened at $130.39 on Thursday. The stock’s 50-day simple moving average is $124.55 and its 200-day simple moving average is $114.27. The firm has a market capitalization of $202.73 billion, a PE ratio of 20.70, a P/E/G ratio of 2.27 and a beta of 0.54. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. Sell-side analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current 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 issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.14%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PM. UBS Group boosted their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Stifel Nicolaus restated a “buy” rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

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.