Philip Morris International Inc. (NYSE:PM) Shares Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,391 shares of the company’s stock after purchasing an additional 643 shares during the period. Cypress Wealth Services LLC’s holdings in Philip Morris International were worth $889,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after purchasing an additional 1,715 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Philip Morris International by 1.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 197,922 shares of the company’s stock valued at $20,055,000 after buying an additional 2,674 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Philip Morris International by 6.0% during the 2nd quarter. Blair William & Co. IL now owns 150,362 shares of the company’s stock valued at $15,236,000 after buying an additional 8,526 shares during the period. Carolinas Wealth Consulting LLC lifted its position in Philip Morris International by 1,169.7% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 11,491 shares of the company’s stock worth $1,164,000 after acquiring an additional 10,586 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Philip Morris International by 7.4% in the second quarter. First Eagle Investment Management LLC now owns 10,655,948 shares of the company’s stock valued at $1,079,767,000 after acquiring an additional 736,961 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction 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 represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the sale, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Up 1.1 %

Shares of NYSE PM opened at $119.78 on Friday. The business has a 50 day simple moving average of $125.67 and a 200-day simple moving average of $121.05. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market capitalization of $186.24 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.51%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Analyst Ratings Changes

A number of research firms have weighed in on PM. Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup raised their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group lifted their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $131.35.

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.