Firethorn Wealth Partners LLC Has $312,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Firethorn Wealth Partners LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,966 shares of the company’s stock after acquiring an additional 218 shares during the period. Firethorn Wealth Partners LLC’s holdings in Philip Morris International were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Philip Morris International by 23.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company’s stock valued at $6,828,000 after purchasing an additional 10,703 shares during the last quarter. Empire Life Investments Inc. raised its stake in shares of Philip Morris International by 11.6% in the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company’s stock worth $11,364,000 after purchasing an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC lifted its holdings in shares of Philip Morris International by 80.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company’s stock valued at $922,000 after purchasing an additional 3,425 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $1,966,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Needham & Company LLC began coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They issued a “buy” rating for the company. Barclays increased their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Finally, UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $169.20.

Insider Transactions at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction that occurred 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 owns 26,828 shares of the company’s stock, valued at $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Down 0.2%

PM opened at $182.42 on Wednesday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94. The company’s 50-day moving average price is $166.38 and its two-hundred day moving average price is $146.52. The stock has a market cap of $283.94 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. Philip Morris International’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.96%. Philip Morris International’s dividend payout ratio is presently 111.34%.

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.