Philip Morris International Inc. (NYSE:PM) Shares Acquired by Novak & Powell Financial Services Inc.

Novak & Powell Financial Services Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,057 shares of the company’s stock after acquiring an additional 170 shares during the quarter. Novak & Powell Financial Services Inc.’s holdings in Philip Morris International were worth $488,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PM. Capital & Planning LLC boosted its stake in shares of Philip Morris International by 7.1% during the 4th quarter. Capital & Planning LLC now owns 2,613 shares of the company’s stock worth $318,000 after acquiring an additional 173 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in shares of Philip Morris International by 2.1% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 4,938 shares of the company’s stock worth $594,000 after acquiring an additional 100 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of Philip Morris International by 4.2% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,302 shares of the company’s stock worth $277,000 after acquiring an additional 93 shares during the last quarter. Pure Financial Advisors LLC increased its position in shares of Philip Morris International by 216.4% during the fourth quarter. Pure Financial Advisors LLC now owns 20,947 shares of the company’s stock worth $2,521,000 after purchasing an additional 14,326 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in Philip Morris International by 11.1% in the 4th quarter. Ballentine Partners LLC now owns 17,068 shares of the company’s stock valued at $2,054,000 after purchasing an additional 1,702 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $174.10 on Wednesday. The firm has a market capitalization of $270.99 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 2.65 and a beta of 0.50. The company’s 50-day moving average is $161.26 and its two-hundred day moving average is $142.92. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $176.49.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 111.34%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PM. JPMorgan Chase & Co. lifted their target price 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 restated an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays upped their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and increased their price objective for the company from $130.00 to $170.00 in a report on Friday, April 25th. Finally, StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $166.33.

Insider Buying and Selling

In related news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares of the company’s stock, 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, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the sale, the insider now owns 106,244 shares of the company’s stock, valued at $15,795,295.48. This trade represents a 8.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,822 shares of company stock valued at $18,906,185. 0.13% of the stock is currently owned by insiders.

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.