Philip Morris International Inc. (NYSE:PM) Shares Purchased by BBR Partners LLC

BBR Partners LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,638 shares of the company’s stock after acquiring an additional 4,033 shares during the period. Philip Morris International accounts for about 1.2% of BBR Partners LLC’s holdings, making the stock its 13th biggest position. BBR Partners LLC’s holdings in Philip Morris International were worth $17,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PM. West Family Investments Inc. increased its position in Philip Morris International by 5.8% during the 4th quarter. West Family Investments Inc. now owns 4,948 shares of the company’s stock worth $595,000 after purchasing an additional 273 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Philip Morris International by 69.1% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 20,884 shares of the company’s stock worth $2,542,000 after purchasing an additional 8,535 shares during the period. Callan Family Office LLC increased its position in Philip Morris International by 545.8% during the 4th quarter. Callan Family Office LLC now owns 30,163 shares of the company’s stock worth $3,630,000 after purchasing an additional 25,492 shares during the period. Hartford Funds Management Co LLC increased its position in Philip Morris International by 4.2% during the 4th quarter. Hartford Funds Management Co LLC now owns 10,386 shares of the company’s stock worth $1,250,000 after purchasing an additional 415 shares during the period. Finally, Welch & Forbes LLC increased its position in Philip Morris International by 5.7% during the 4th quarter. Welch & Forbes LLC now owns 21,861 shares of the company’s stock worth $2,631,000 after purchasing an additional 1,174 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.4 %

Shares of Philip Morris International stock opened at $153.78 on Friday. The business has a 50-day moving average price of $135.47 and a 200 day moving average price of $128.78. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The firm has a market cap of $239.10 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued 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%. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.51%. Philip Morris International’s payout ratio is currently 119.73%.

Analyst Ratings Changes

PM has been the topic of a number of research reports. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays upped their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group upped their target price on 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 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. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $144.56.

Insider Buying and Selling at Philip Morris International

In other news, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,143 shares of company stock worth $19,092,846 over the last ninety days. Company insiders own 0.13% of the company’s stock.

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.