Barlow Wealth Partners Inc. Makes New $320,000 Investment in Philip Morris International Inc. (NYSE:PM)

Barlow Wealth Partners Inc. purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,405 shares of the company’s stock, valued at approximately $320,000.

A number of other hedge funds also recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. raised its holdings in Philip Morris International by 2.3% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after acquiring an additional 13,416 shares during the period. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $1,251,000. Amica Mutual Insurance Co. lifted its holdings in shares of Philip Morris International by 5.5% in the third quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after buying an additional 7,726 shares in the last quarter. AJOVista LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $137,000. Finally, NewEdge Wealth LLC grew its stake in Philip Morris International by 69.9% during the fourth quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock valued at $4,785,000 after acquiring an additional 20,918 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the transaction, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price objective for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Up 0.1 %

Shares of PM traded up $0.06 during mid-day trading on Tuesday, hitting $97.51. 3,960,335 shares of the company’s stock traded hands, compared to its average volume of 5,724,651. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.70. The firm has a market capitalization of $151.59 billion, a P/E ratio of 19.04, a PEG ratio of 2.08 and a beta of 0.60. The business’s 50-day moving average price is $92.76 and its 200-day moving average price is $92.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.33%. Philip Morris International’s dividend payout ratio is presently 101.56%.

About Philip Morris International

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.