Philip Morris International Inc. (NYSE:PM) Stock Holdings Lifted by Howard Capital Management Inc.

Howard Capital Management Inc. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,406 shares of the company’s stock after buying an additional 535 shares during the period. Howard Capital Management Inc.’s holdings in Philip Morris International were worth $1,252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Valley Wealth Managers Inc. grew its holdings in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC boosted its position in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new position in Philip Morris International during the 4th quarter worth $33,000. Sierra Ocean LLC bought a new position in Philip Morris International during the 4th quarter worth $37,000. Finally, Concord Wealth Partners increased its position in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.9 %

Shares of NYSE PM opened at $154.39 on Monday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $154.64. The company has a market cap of $240.05 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55. The business’s 50 day moving average is $129.81 and its two-hundred day moving average is $126.52.

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, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Sell-side 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 company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.50%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Insiders Place Their Bets

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PM shares. Barclays dropped 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 report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Finally, Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $141.22.

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.