Savvy Advisors Inc. Increases Position in Philip Morris International Inc. (NYSE:PM)

Savvy Advisors Inc. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 84.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,245 shares of the company’s stock after acquiring an additional 4,678 shares during the period. Savvy Advisors Inc.’s holdings in Philip Morris International were worth $1,233,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PM. NewSquare Capital LLC increased its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the period. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International in the 4th quarter valued at approximately $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International in the fourth quarter valued at about $36,000. Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the fourth quarter valued at $37,000. Finally, Truvestments Capital LLC grew its stake in Philip Morris International by 113.8% in the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company’s stock worth $43,000 after acquiring an additional 190 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In related news, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares of the company’s stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PM. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays boosted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.44.

Philip Morris International Trading Up 1.8 %

Shares of Philip Morris International stock opened at $153.85 on Monday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08. The firm has a fifty day simple moving average of $152.03 and a 200-day simple moving average of $134.73. The stock has a market capitalization of $239.47 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, research analysts predict 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. Investors of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

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.