BCGM Wealth Management LLC Purchases 1,040 Shares of Philip Morris International Inc. (NYSE:PM)

BCGM Wealth Management LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 4.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,268 shares of the company’s stock after buying an additional 1,040 shares during the period. BCGM Wealth Management LLC’s holdings in Philip Morris International were worth $3,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Dakota Wealth Management raised its position in Philip Morris International by 10.2% in the third quarter. Dakota Wealth Management now owns 23,282 shares of the company’s stock worth $2,827,000 after purchasing an additional 2,149 shares in the last quarter. Highland Capital Management LLC acquired a new position in shares of Philip Morris International in the 3rd quarter worth approximately $218,000. Allworth Financial LP raised its holdings in shares of Philip Morris International by 23.3% in the 3rd quarter. Allworth Financial LP now owns 60,234 shares of the company’s stock worth $7,312,000 after buying an additional 11,399 shares in the last quarter. Parcion Private Wealth LLC boosted its stake in Philip Morris International by 11.7% in the 3rd quarter. Parcion Private Wealth LLC now owns 2,830 shares of the company’s stock valued at $344,000 after buying an additional 296 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Philip Morris International by 16.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,698 shares of the company’s stock valued at $13,955,000 after acquiring an additional 16,154 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Werner Barth sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PM. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays reduced their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. One equities research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.22.

Philip Morris International Price Performance

PM stock opened at $154.39 on Monday. The company has a 50 day moving average price of $129.81 and a 200 day moving average price of $126.52. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $154.64. The stock has a market capitalization of $240.05 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.50%. 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.