Boston Financial Mangement LLC Acquires 2,453 Shares of Philip Morris International Inc. (NYSE:PM)

Boston Financial Mangement LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 113.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,619 shares of the company’s stock after acquiring an additional 2,453 shares during the period. Boston Financial Mangement LLC’s holdings in Philip Morris International were worth $556,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PM. Allspring Global Investments Holdings LLC lifted its holdings in Philip Morris International by 47.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 226,577 shares of the company’s stock worth $27,506,000 after buying an additional 72,757 shares in the last quarter. Eastern Bank acquired a new position in Philip Morris International during the 3rd quarter worth $373,000. Private Advisor Group LLC lifted its holdings in Philip Morris International by 6.9% during the 3rd quarter. Private Advisor Group LLC now owns 83,214 shares of the company’s stock worth $10,102,000 after buying an additional 5,360 shares in the last quarter. McAdam LLC acquired a new position in Philip Morris International during the 3rd quarter worth $246,000. Finally, Axecap Investments LLC acquired a new position in Philip Morris International during the 3rd quarter worth $334,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on PM. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Barclays cut their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Trading Up 1.3 %

Shares of Philip Morris International stock opened at $151.68 on Friday. The company has a market capitalization of $235.84 billion, a PE ratio of 33.63, a PEG ratio of 2.60 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $152.53. The stock’s fifty day simple moving average is $129.26 and its 200 day simple moving average is $126.08.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping 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%. Analysts predict that Philip Morris International Inc. will post 7.13 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated 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 approximately $3,117,354.12. This represents a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

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.