Philip Morris International Inc. (NYSE:PM) Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,474 shares of the company’s stock after acquiring an additional 299 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Philip Morris International were worth $1,114,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas acquired a new stake in Philip Morris International during the 1st quarter worth $55,000. Nordea Investment Management AB boosted its stake in Philip Morris International by 4.8% during the 1st quarter. Nordea Investment Management AB now owns 76,889 shares of the company’s stock worth $7,061,000 after purchasing an additional 3,525 shares during the last quarter. Mutual Advisors LLC boosted its stake in Philip Morris International by 4.7% during the 1st quarter. Mutual Advisors LLC now owns 37,591 shares of the company’s stock worth $3,444,000 after purchasing an additional 1,673 shares during the last quarter. AA Financial Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter worth $617,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Philip Morris International by 45.7% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 16,847 shares of the company’s stock worth $1,544,000 after purchasing an additional 5,282 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE PM opened at $130.65 on Monday. The firm’s 50-day moving average is $123.70 and its two-hundred day moving average is $111.47. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The stock has a market capitalization of $203.14 billion, a P/E ratio of 20.74, a PEG ratio of 2.32 and a beta of 0.54.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 earnings per share. As a group, analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio is currently 85.71%.

Insider Transactions at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,418 shares of company stock valued at $15,247,052. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PM has been the topic of several recent research reports. UBS Group lifted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Bank of America upped their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upped their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $127.85.

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.