Peak Financial Advisors LLC Acquires Shares of 23,620 Philip Morris International Inc. (NYSE:PM)

Peak Financial Advisors LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,620 shares of the company’s stock, valued at approximately $2,843,000. Philip Morris International makes up 1.5% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 25th largest holding.

Other large investors have also recently made changes to their positions in the company. Founders Grove Wealth Partners LLC bought a new position in Philip Morris International during the fourth quarter valued at approximately $384,000. Acropolis Investment Management LLC boosted its position in shares of Philip Morris International by 77.7% during the 4th quarter. Acropolis Investment Management LLC now owns 2,612 shares of the company’s stock valued at $314,000 after acquiring an additional 1,142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Philip Morris International by 10.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,075 shares of the company’s stock valued at $129,000 after purchasing an additional 100 shares in the last quarter. Park Avenue Securities LLC increased its position in Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after purchasing an additional 16,035 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its stake in Philip Morris International by 45.8% during the fourth quarter. Kathmere Capital Management LLC now owns 18,699 shares of the company’s stock valued at $2,250,000 after purchasing an additional 5,873 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 0.7 %

NYSE PM opened at $118.41 on Wednesday. The stock has a market cap of $184.11 billion, a PE ratio of 18.80, a PEG ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The company’s 50-day moving average price is $125.80 and its 200-day moving average price is $121.07.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.56%. Philip Morris International’s dividend payout ratio is currently 85.71%.

Insider Buying and Selling

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the 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 completion of the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International 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 completion of the transaction, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.