Moss Adams Wealth Advisors LLC Purchases 370 Shares of Philip Morris International Inc. (NYSE:PM)

Moss Adams Wealth Advisors LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 11.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,594 shares of the company’s stock after buying an additional 370 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Philip Morris International were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. raised its stake in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC increased its holdings in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners raised its position in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Philip Morris International in the third quarter valued at approximately $54,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $54,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $121.88 on Friday. The company’s 50 day moving average price is $125.50 and its two-hundred day moving average price is $121.19. The firm has a market capitalization of $189.51 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.86 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 announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations 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 was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. On average, analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

Insider Activity at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction 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 completion of the sale, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group lifted their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday. They issued an “overweight” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, 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.