Future Financial Wealth Managment LLC Has $140,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Future Financial Wealth Managment LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,162 shares of the company’s stock after selling 200 shares during the period. Future Financial Wealth Managment LLC’s holdings in Philip Morris International were worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Moody National Bank Trust Division raised its holdings in shares of Philip Morris International by 2.4% in the fourth quarter. Moody National Bank Trust Division now owns 5,306 shares of the company’s stock valued at $639,000 after purchasing an additional 126 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Philip Morris International by 76.4% during the 4th quarter. Wedmont Private Capital now owns 26,348 shares of the company’s stock worth $3,087,000 after purchasing an additional 11,410 shares during the last quarter. Westmount Partners LLC increased its stake in shares of Philip Morris International by 1.1% during the 4th quarter. Westmount Partners LLC now owns 11,866 shares of the company’s stock worth $1,428,000 after purchasing an additional 125 shares during the last quarter. Fragasso Financial Advisors Inc increased its stake in shares of Philip Morris International by 6.9% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,570 shares of the company’s stock worth $430,000 after purchasing an additional 229 shares during the last quarter. Finally, Thomasville National Bank increased its stake in shares of Philip Morris International by 2.8% during the 4th quarter. Thomasville National Bank now owns 43,636 shares of the company’s stock worth $5,252,000 after purchasing an additional 1,170 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s 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 transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Philip Morris International Stock Up 0.2 %

Shares of NYSE PM traded up $0.22 during mid-day trading on Monday, reaching $117.37. 2,471,912 shares of the company were exchanged, compared to its average volume of 3,994,691. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The stock has a market capitalization of $182.49 billion, a PE ratio of 18.63, a PEG ratio of 2.22 and a beta of 0.54. The company’s 50 day moving average price is $126.34 and its 200 day moving average price is $120.84.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the previous year, the firm posted $1.67 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, December 26th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. UBS Group lifted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.39.

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.