Magnolia Private Wealth LLC Invests $246,000 in Philip Morris International Inc. (NYSE:PM)

Magnolia Private Wealth LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,041 shares of the company’s stock, valued at approximately $246,000.

A number of other large investors have also recently made changes to their positions in the company. National Pension Service raised its position in Philip Morris International by 17.5% in the 4th quarter. National Pension Service now owns 3,579,451 shares of the company’s stock valued at $430,787,000 after purchasing an additional 533,845 shares during the last quarter. Advisor OS LLC raised its holdings in shares of Philip Morris International by 6.0% in the fourth quarter. Advisor OS LLC now owns 6,107 shares of the company’s stock valued at $735,000 after buying an additional 345 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Philip Morris International by 9.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 8,491 shares of the company’s stock worth $1,033,000 after buying an additional 721 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Philip Morris International by 46.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 134,045 shares of the company’s stock worth $16,132,000 after buying an additional 42,420 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Philip Morris International by 20.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,415,881 shares of the company’s stock valued at $170,401,000 after acquiring an additional 242,350 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PM shares. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays cut their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $157.34 on Wednesday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $158.23. The firm has a market capitalization of $244.64 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The business’s 50 day simple moving average is $131.04 and its 200-day simple moving average is $127.10.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.43%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Insider Buying and Selling

In other news, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock worth $19,092,846 in the last ninety days. Insiders own 0.14% of the company’s stock.

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.