Philip Morris International Inc. (NYSE:PM) Shares Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,074 shares of the company’s stock after acquiring an additional 104 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Philip Morris International were worth $5,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Investment Advisory Services Inc. TX ADV raised its stake in Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after acquiring an additional 78 shares during the last quarter. Intergy Private Wealth LLC grew its stake in shares of Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares during the last quarter. 49 Wealth Management LLC increased its holdings in shares of Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares during the period. Woodmont Investment Counsel LLC raised its stake in shares of Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after purchasing an additional 86 shares during the last quarter. Finally, Sargent Investment Group LLC lifted its holdings in shares of Philip Morris International by 2.2% during the fourth quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock worth $467,000 after purchasing an additional 86 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Finally, Barclays cut 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. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.56.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $150.60 on Friday. The firm has a market capitalization of $234.16 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The business’s 50 day simple moving average is $127.47 and its 200-day simple moving average is $125.14. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $151.22.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid 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 3.59%. Philip Morris International’s dividend payout ratio (DPR) is 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.