330 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Pinney & Scofield Inc.

Pinney & Scofield Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 330 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Meridian Wealth Partners LLC boosted its holdings in shares of Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after purchasing an additional 70 shares during the period. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after purchasing an additional 73 shares during the period. Balboa Wealth Partners boosted its holdings in shares of Philip Morris International by 2.0% in the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after purchasing an additional 74 shares during the period. Finally, Cravens & Co Advisors LLC boosted its holdings in shares of Philip Morris International by 0.7% in the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock valued at $1,210,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06% 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. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Trading Up 1.7%

Shares of PM stock opened at $178.23 on Friday. The business’s fifty day simple moving average is $162.60 and its 200-day simple moving average is $143.76. The company has a market cap of $277.41 billion, a PE ratio of 39.52, a PEG ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $178.70.

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

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s payout ratio is 111.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Needham & Company LLC assumed coverage on shares of Philip Morris International in a research note on Thursday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $169.20.

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.