Boston Financial Mangement LLC Has $556,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Boston Financial Mangement LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 113.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,619 shares of the company’s stock after buying an additional 2,453 shares during the period. Boston Financial Mangement LLC’s holdings in Philip Morris International were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC lifted its position in shares of Philip Morris International by 3.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 30,454 shares of the company’s stock worth $3,665,000 after buying an additional 1,033 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth about $361,000. Corps Capital Advisors LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth about $2,407,000. Cumberland Partners Ltd lifted its position in shares of Philip Morris International by 12.5% in the fourth quarter. Cumberland Partners Ltd now owns 62,825 shares of the company’s stock worth $7,561,000 after buying an additional 6,965 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Philip Morris International by 72.8% in the fourth quarter. Ieq Capital LLC now owns 93,105 shares of the company’s stock worth $11,205,000 after buying an additional 39,215 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This represents a 19.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 1.3 %

PM stock opened at $151.68 on Friday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $152.53. The firm has a market cap of $235.84 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.60 and a beta of 0.55. The business’s 50 day moving average is $129.26 and its 200-day moving average is $126.08.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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%. Sell-side analysts forecast that Philip Morris International Inc. will post 7.13 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.56%. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.