Philip Morris International Inc. (NYSE:PM) Shares Acquired by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 15.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,834 shares of the company’s stock after purchasing an additional 3,332 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Philip Morris International were worth $3,015,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PM. White Lighthouse Investment Management Inc. lifted its holdings in shares of Philip Morris International by 71.4% in the 3rd 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. raised its position in Philip Morris International by 3,553.3% in the third 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 in the last quarter. Kennebec Savings Bank acquired a new stake in Philip Morris International in the third quarter valued at $692,000. Swiss National Bank boosted its position in shares of Philip Morris International by 0.4% during the 3rd 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 in the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of Philip Morris International by 16.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 40,377 shares of the company’s stock worth $4,902,000 after purchasing an additional 5,846 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PM. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Bank of America upped their price target on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. The Goldman Sachs Group lifted their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. upped their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the sale, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. This represents a 9.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Philip Morris International Trading Down 0.9 %

Philip Morris International stock opened at $129.99 on Monday. The stock has a 50-day moving average price of $124.77 and a 200 day moving average price of $114.85. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The stock has a market cap of $202.11 billion, a PE ratio of 20.63, a P/E/G ratio of 2.28 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. On average, equities analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

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

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.