1,560 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by IMG Wealth Management Inc.

IMG Wealth Management Inc. bought a new position in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,560 shares of the company’s stock, valued at approximately $188,000.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Dunhill Financial LLC lifted its position in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter worth approximately $33,000. Knuff & Co LLC bought a new stake in Philip Morris International in the 4th quarter worth approximately $36,000. Finally, Sierra Ocean LLC bought a new stake in Philip Morris International in the 4th quarter worth approximately $37,000. Institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley started coverage on 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 boosted their price objective on 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 research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Up 1.0 %

Shares of Philip Morris International stock opened at $151.95 on Monday. The company has a market cap of $236.26 billion, a PE ratio of 33.69, a P/E/G ratio of 2.65 and a beta of 0.53. The business has a 50 day moving average of $139.10 and a 200 day moving average of $130.19. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51.

Philip Morris International (NYSE:PM) last announced its earnings results 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 negative return on equity of 120.08% and a net margin of 7.89%. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.55%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

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.