BlackDiamond Wealth Management LLC Acquires 201 Shares of Philip Morris International Inc. (NYSE:PM)

BlackDiamond Wealth Management LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,970 shares of the company’s stock after purchasing an additional 201 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Philip Morris International were worth $237,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Range Financial Group LLC boosted its position in Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after acquiring an additional 19,127 shares during the last quarter. Park Avenue Securities LLC boosted its position in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after acquiring an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC boosted its position in Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after acquiring an additional 6,605 shares during the last quarter. Ritholtz Wealth Management boosted its position in Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after acquiring an additional 18,183 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in Philip Morris International by 182.4% during the 3rd quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock worth $827,000 after acquiring an additional 4,402 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $155.49 on Tuesday. The business has a fifty day simple moving average of $139.79 and a two-hundred day simple moving average of $130.42. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The company has a market capitalization of $241.76 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.65 and a beta of 0.53.

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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s payout ratio is 119.73%.

Insiders Place Their Bets

In related news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction on 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. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PM shares. Barclays upped their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Stifel Nicolaus increased 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. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Finally, Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

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.