Heritage Oak Wealth Advisors LLC Buys New Position in Philip Morris International Inc. (NYSE:PM)

Heritage Oak Wealth Advisors LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,030 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its position in Philip Morris International by 0.4% during the third quarter. State Street Corp now owns 54,711,621 shares of the company’s stock valued at $6,715,237,000 after purchasing an additional 224,840 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Philip Morris International by 2.0% during the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock worth $3,886,818,000 after acquiring an additional 621,034 shares in the last quarter. FMR LLC boosted its position in Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Philip Morris International by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock valued at $1,934,083,000 after buying an additional 2,785,987 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Philip Morris International by 3.0% during the third quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock worth $1,560,752,000 after buying an additional 376,406 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 1.9 %

NYSE:PM opened at $154.47 on Thursday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $158.39. The stock’s 50 day moving average price is $131.64 and its two-hundred day moving average price is $127.29. The firm has a market capitalization of $240.18 billion, a price-to-earnings ratio of 34.25, a P/E/G ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS 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%. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Insider Activity

In other news, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s 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 sale, the chairman now owns 561,349 shares in the company, valued at $83,674,681.94. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 128,143 shares of company stock worth $19,092,846. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on PM. Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group increased their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Company 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.