Philip Morris International Inc. (NYSE:PM) Position Trimmed by Simplicity Wealth LLC

Simplicity Wealth LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 93.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,221 shares of the company’s stock after selling 89,355 shares during the period. Simplicity Wealth LLC’s holdings in Philip Morris International were worth $755,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PM. Fiduciary Financial Group LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter valued at approximately $320,000. MADDEN SECURITIES Corp lifted its position in shares of Philip Morris International by 46.9% in the 3rd quarter. MADDEN SECURITIES Corp now owns 6,136 shares of the company’s stock valued at $745,000 after acquiring an additional 1,960 shares in the last quarter. Castle Rock Wealth Management LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter valued at approximately $206,000. LVW Advisors LLC lifted its position in shares of Philip Morris International by 2.8% in the 3rd quarter. LVW Advisors LLC now owns 5,579 shares of the company’s stock valued at $677,000 after acquiring an additional 151 shares in the last quarter. Finally, Strong Tower Advisory Services lifted its position in shares of Philip Morris International by 19.8% in the 3rd quarter. Strong Tower Advisory Services now owns 15,410 shares of the company’s stock valued at $1,871,000 after acquiring an additional 2,543 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 0.6 %

NYSE:PM opened at $120.10 on Friday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $128.22. The firm’s fifty day simple moving average is $120.84 and its 200 day simple moving average is $107.50. The firm has a market capitalization of $186.73 billion, a PE ratio of 21.26, a PEG ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.50%. This is a positive change 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 (DPR) is currently 95.58%.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the sale, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PM. Stifel Nicolaus upped their price target on shares of Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Bank of America increased their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group increased their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Citigroup increased their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.41.

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.