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

BBR Partners LLC boosted its stake in Philip Morris International Inc. (NYSE:PMFree Report) 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:PMGet Free Report) 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.

Read Our Latest Research Report on Philip Morris International

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

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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