Gutierrez Wealth Advisory LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Gutierrez Wealth Advisory LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,184 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Range Financial Group LLC boosted its stake in Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after buying an additional 19,127 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after buying an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after buying an additional 6,605 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after buying an additional 18,183 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Philip Morris International by 182.4% in the 3rd quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock worth $827,000 after purchasing an additional 4,402 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred 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 approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. The trade was a 6.75 % 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 three months. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research reports. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Barclays raised their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $152.12 on Friday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51. The business’s 50-day simple moving average is $141.69 and its 200 day simple moving average is $130.95. The company has a market cap of $236.53 billion, a P/E ratio of 33.73, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (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 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.55%. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.