Philip Morris International Inc. (NYSE:PM) Shares Purchased by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,058 shares of the company’s stock after acquiring an additional 250 shares during the period. Richard W. Paul & Associates LLC’s holdings in Philip Morris International were worth $1,121,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the fourth quarter worth $33,000. Western Wealth Management LLC lifted its stake in Philip Morris International by 4.4% during the fourth quarter. Western Wealth Management LLC now owns 5,068 shares of the company’s stock worth $477,000 after purchasing an additional 213 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Philip Morris International during the fourth quarter worth $39,000. J.W. Cole Advisors Inc. lifted its stake in Philip Morris International by 2.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 12,468 shares of the company’s stock worth $1,173,000 after purchasing an additional 288 shares in the last quarter. Finally, CWM LLC increased its position in shares of Philip Morris International by 32.5% during the fourth quarter. CWM LLC now owns 45,738 shares of the company’s stock worth $4,303,000 after acquiring an additional 11,228 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM traded up $0.12 during mid-day trading on Thursday, reaching $120.12. The stock had a trading volume of 4,156,168 shares, compared to its average volume of 5,344,273. The firm has a market capitalization of $186.73 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.35 and a beta of 0.58. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $120.21. The business has a 50 day simple moving average of $108.66 and a 200 day simple moving average of $99.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 6.41 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were given a dividend of $1.30 per share. The ex-dividend date was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.33%. Philip Morris International’s payout ratio is 101.56%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PM. Barclays upped their price objective on Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Bank of America increased their target price on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus increased their target price on Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.80.

Philip Morris International Company 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.