Philip Morris International Inc. (NYSE:PM) Shares Acquired by CFO4Life Group LLC

CFO4Life Group LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,748 shares of the company’s stock after buying an additional 91 shares during the quarter. CFO4Life Group LLC’s holdings in Philip Morris International were worth $571,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Balboa Wealth Partners lifted its position in shares of Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after purchasing an additional 74 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Philip Morris International by 21.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,979 shares of the company’s stock worth $34,297,000 after purchasing an additional 49,547 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Philip Morris International by 664.6% during the 4th quarter. Rakuten Securities Inc. now owns 497 shares of the company’s stock worth $60,000 after purchasing an additional 432 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Philip Morris International by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 93,715 shares of the company’s stock worth $11,279,000 after purchasing an additional 4,240 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Philip Morris International by 113.8% during the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company’s stock worth $43,000 after purchasing an additional 190 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

NYSE PM opened at $151.23 on Thursday. The firm has a market cap of $235.14 billion, a PE ratio of 33.53, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51. The firm’s fifty day moving average is $137.92 and its two-hundred day moving average is $129.73.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Research analysts predict 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 will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.57%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PM shares. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Morgan Stanley initiated 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 target for the company. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

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.