Claro Advisors LLC Has $914,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Claro Advisors LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 6.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,598 shares of the company’s stock after acquiring an additional 459 shares during the quarter. Claro Advisors LLC’s holdings in Philip Morris International were worth $914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sivia Capital Partners LLC grew its stake in shares of Philip Morris International by 7.2% in the fourth quarter. Sivia Capital Partners LLC now owns 3,005 shares of the company’s stock valued at $362,000 after buying an additional 201 shares in the last quarter. Cooper Financial Group boosted its position in shares of Philip Morris International by 14.3% in the fourth quarter. Cooper Financial Group now owns 8,042 shares of the company’s stock valued at $968,000 after acquiring an additional 1,008 shares during the period. Moody National Bank Trust Division boosted its position in shares of Philip Morris International by 2.4% in the fourth quarter. Moody National Bank Trust Division now owns 5,306 shares of the company’s stock valued at $639,000 after acquiring an additional 126 shares during the period. Wedmont Private Capital boosted its position in shares of Philip Morris International by 76.4% in the fourth quarter. Wedmont Private Capital now owns 26,348 shares of the company’s stock valued at $3,087,000 after acquiring an additional 11,410 shares during the period. Finally, Westmount Partners LLC boosted its position in shares of Philip Morris International by 1.1% in the fourth quarter. Westmount Partners LLC now owns 11,866 shares of the company’s stock valued at $1,428,000 after acquiring an additional 125 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on PM. Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus restated 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. The Goldman Sachs Group upped their target price on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.39.

Insider Buying and Selling

In other news, 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 transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. This trade represents a 9.60 % 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 corporate insiders.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $117.47 on Tuesday. The firm has a market cap of $182.65 billion, a PE ratio of 18.65, a P/E/G ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The stock has a fifty day moving average price of $126.08 and a 200-day moving average price of $120.95.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter last year, the company earned $1.67 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.60%. Philip Morris International’s dividend payout ratio 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.