Philip Morris International Inc. (NYSE:PM) Shares Bought by GM Advisory Group LLC

GM Advisory Group LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 23.7% in the 4th quarter, Holdings Channel reports. The fund owned 7,889 shares of the company’s stock after purchasing an additional 1,510 shares during the period. GM Advisory Group LLC’s holdings in Philip Morris International were worth $949,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd grew its position in Philip Morris International by 110.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 6,184 shares of the company’s stock valued at $744,000 after acquiring an additional 3,250 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of Philip Morris International by 0.8% during the 4th quarter. Wulff Hansen & CO. now owns 10,260 shares of the company’s stock valued at $1,235,000 after buying an additional 80 shares during the last quarter. Stokes Family Office LLC boosted its stake in shares of Philip Morris International by 9.9% during the 4th quarter. Stokes Family Office LLC now owns 43,871 shares of the company’s stock valued at $5,280,000 after buying an additional 3,953 shares during the last quarter. Councilmark Asset Management LLC boosted its stake in shares of Philip Morris International by 0.6% during the 4th quarter. Councilmark Asset Management LLC now owns 20,829 shares of the company’s stock valued at $2,507,000 after buying an additional 129 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at approximately $130,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of several research analyst reports. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. 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 research note on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Price Performance

Shares of PM opened at $153.79 on Wednesday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The business’s fifty day moving average price is $140.44 and its 200 day moving average price is $130.64. The stock has a market capitalization of $239.12 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio 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 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 sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock valued at $19,655,585 over the last three months. Company insiders own 0.13% of the company’s stock.

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.