Omnia Family Wealth LLC Grows Stake in Philip Morris International Inc. (NYSE:PM)

Omnia Family Wealth LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,786 shares of the company’s stock after acquiring an additional 265 shares during the quarter. Omnia Family Wealth LLC’s holdings in Philip Morris International were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in Philip Morris International by 8.4% in the 1st quarter. Russell Investments Group Ltd. now owns 260,370 shares of the company’s stock worth $23,857,000 after purchasing an additional 20,108 shares during the period. Koshinski Asset Management Inc. lifted its holdings in Philip Morris International by 41.0% during the first quarter. Koshinski Asset Management Inc. now owns 7,238 shares of the company’s stock valued at $663,000 after purchasing an additional 2,104 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Philip Morris International by 4.9% in the first quarter. Kingsview Wealth Management LLC now owns 13,675 shares of the company’s stock worth $1,253,000 after purchasing an additional 642 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of Philip Morris International by 27.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 10,595 shares of the company’s stock valued at $971,000 after purchasing an additional 2,291 shares during the period. Finally, Anthracite Investment Company Inc. purchased a new position in shares of Philip Morris International during the 1st quarter valued at $1,500,000. Institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the sale, the insider now directly owns 95,418 shares in the company, valued at approximately $12,402,431.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PM. Citigroup increased their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. UBS Group lifted their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Barclays boosted their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.85.

Philip Morris International Stock Up 0.3 %

NYSE:PM traded up $0.42 during mid-day trading on Thursday, hitting $125.66. 1,197,353 shares of the stock traded hands, compared to its average volume of 5,373,355. The stock has a market capitalization of $195.38 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.17 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm’s 50 day moving average is $124.19 and its two-hundred day moving average is $113.11.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.30%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

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.