Purkiss Capital Advisors LLC Makes New $243,000 Investment in Philip Morris International Inc. (NYSE:PM)

Purkiss Capital Advisors LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,017 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after purchasing an additional 78 shares during the last quarter. Intergy Private Wealth LLC boosted its position in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after buying an additional 80 shares during the period. BKM Wealth Management LLC boosted its position in Philip Morris International by 3.4% during the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after buying an additional 81 shares during the period. Wealthstream Advisors Inc. grew its stake in shares of Philip Morris International by 3.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock valued at $297,000 after buying an additional 82 shares during the last quarter. Finally, 49 Wealth Management LLC increased its holdings in shares of Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.8 %

Shares of Philip Morris International stock opened at $155.26 on Friday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $158.39. The company has a market cap of $241.41 billion, a P/E ratio of 34.43, a PEG ratio of 2.65 and a beta of 0.55. The company’s fifty day simple moving average is $132.90 and its two-hundred day simple moving average is $127.81.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) 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%. Analysts predict that Philip Morris International Inc. will post 7.14 EPS 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. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group increased their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Barclays increased their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of 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. Finally, Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Insider Activity at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. 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 ninety days. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Company 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.