Pictet North America Advisors SA Has $3.37 Million Position in Philip Morris International Inc. (NYSE:PM)

Pictet North America Advisors SA grew its holdings in Philip Morris International Inc. (NYSE:PM) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,982 shares of the company’s stock after buying an additional 589 shares during the quarter. Pictet North America Advisors SA’s holdings in Philip Morris International were worth $3,368,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. boosted its position in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter worth about $33,000. Concord Wealth Partners raised its holdings in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares during the last quarter. Finally, Asset Dedication LLC lifted its position in Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after purchasing an additional 147 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Activity at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays dropped their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $139.56.

Philip Morris International Price Performance

NYSE:PM opened at $149.27 on Friday. The business’s 50-day simple moving average is $126.73 and its 200-day simple moving average is $124.72. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $150.24. The stock has a market capitalization of $232.08 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, research analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.62%. Philip Morris International’s payout ratio is presently 119.73%.

About Philip Morris International

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.