Philip Morris International Inc. (NYSE:PM) Shares Acquired by Guardian Wealth Advisors LLC NC

Guardian Wealth Advisors LLC NC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 40.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,229 shares of the company’s stock after buying an additional 1,209 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Philip Morris International were worth $509,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Meridian Wealth Partners LLC boosted its position in shares of Philip Morris International by 4.1% in the 4th 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 worth $25,000 after buying an additional 72 shares during the period. Creative Financial Designs Inc. ADV increased its position 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 worth $437,000 after acquiring an additional 73 shares in the last quarter. Balboa Wealth Partners raised its holdings in shares of Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after acquiring an additional 74 shares during the period. Finally, Cravens & Co Advisors LLC lifted its position in shares of Philip Morris International by 0.7% in the 4th quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock valued at $1,210,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $169.61 on Friday. The company has a 50-day simple moving average of $158.92 and a 200-day simple moving average of $141.12. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $176.49. The firm has a market capitalization of $264.00 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results 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 firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio is 111.34%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. lifted their target price 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. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.33.

Insider Transactions at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the business’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 owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company’s stock.

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.