49 Wealth Management LLC Has $295,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

49 Wealth Management LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,432 shares of the company’s stock after purchasing an additional 84 shares during the period. 49 Wealth Management LLC’s holdings in Philip Morris International were worth $295,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. White Lighthouse Investment Management Inc. raised its stake in Philip Morris International by 71.4% in the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after buying an additional 4,999 shares during the period. Accredited Investors Inc. increased its holdings in shares of Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock worth $25,125,000 after acquiring an additional 201,294 shares during the last quarter. Kennebec Savings Bank bought a new stake in Philip Morris International in the 3rd quarter valued at $692,000. Swiss National Bank boosted its position in Philip Morris International by 0.4% during the third quarter. Swiss National Bank now owns 4,614,200 shares of the company’s stock worth $560,164,000 after purchasing an additional 17,700 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Philip Morris International by 16.9% in the third quarter. Axxcess Wealth Management LLC now owns 40,377 shares of the company’s stock valued at $4,902,000 after purchasing an additional 5,846 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.9 %

Shares of Philip Morris International stock opened at $129.99 on Friday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The company has a market capitalization of $202.11 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.30 and a beta of 0.54. The firm’s 50-day moving average price is $124.77 and its two-hundred day moving average price is $114.62.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.15%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio is 85.71%.

Insider Activity at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on PM shares. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Barclays upped their price objective on Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.50.

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.