Crestwood Advisors Group LLC Has $2.25 Million Position in Philip Morris International Inc. (NYSE:PM)

Crestwood Advisors Group LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 18,723 shares of the company’s stock after buying an additional 503 shares during the period. Crestwood Advisors Group LLC’s holdings in Philip Morris International were worth $2,253,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the period. National Bank of Canada FI raised its stake in Philip Morris International by 161.6% during the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after buying an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock worth $142,467,000 after acquiring an additional 1,165,554 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Philip Morris International by 44.0% in the third quarter. Bank of Montreal Can now owns 3,170,549 shares of the company’s stock valued at $382,432,000 after acquiring an additional 969,198 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.22.

Philip Morris International Price Performance

PM opened at $156.13 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $156.63. The firm has a market capitalization of $242.76 billion, a P/E ratio of 34.62, a PEG ratio of 2.65 and a beta of 0.55. The company’s 50-day moving average is $130.42 and its 200 day moving average is $126.81.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate 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, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.46%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insider Buying and Selling at Philip Morris International

In other news, CFO Emmanuel Babeau sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the completion of the sale, the chief financial officer now owns 139,105 shares in the company, valued at $20,705,779.25. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock worth $19,092,846 in the last quarter. 0.14% of the stock is currently owned by company insiders.

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.