Stokes Family Office LLC Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Stokes Family Office LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 9.9% during the fourth quarter, HoldingsChannel reports. The firm owned 43,871 shares of the company’s stock after acquiring an additional 3,953 shares during the period. Stokes Family Office LLC’s holdings in Philip Morris International were worth $5,280,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PM. Range Financial Group LLC raised its position in shares of Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after buying an additional 19,127 shares during the period. Park Avenue Securities LLC raised its position in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after buying an additional 16,035 shares during the period. CWA Asset Management Group LLC raised its position in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after buying an additional 6,605 shares during the period. Ritholtz Wealth Management raised its position in shares of Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock valued at $6,485,000 after buying an additional 18,183 shares during the period. Finally, Brooklyn Investment Group raised its position in shares of Philip Morris International by 182.4% during the 3rd quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock valued at $827,000 after buying an additional 4,402 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares of the company’s stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,822 shares of company stock worth $19,655,585. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 1.2 %

NYSE:PM opened at $153.79 on Wednesday. The company has a fifty day simple moving average of $140.44 and a two-hundred day simple moving average of $130.64. The company has a market cap of $239.12 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51.

Philip Morris International (NYSE:PM) last issued 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 net margin of 7.89% and a negative return on equity of 120.08%. On average, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. Philip Morris International’s payout ratio is currently 119.73%.

Analyst Ratings Changes

A number of brokerages have issued reports on PM. Stifel Nicolaus boosted their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Barclays boosted their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

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.