Callan Capital LLC Purchases 301 Shares of Philip Morris International Inc. (NYSE:PM)

Callan Capital LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 10.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,206 shares of the company’s stock after acquiring an additional 301 shares during the period. Callan Capital LLC’s holdings in Philip Morris International were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. PFG Investments LLC grew its stake in shares of Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after buying an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in shares of Philip Morris International by 3.8% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after purchasing an additional 110 shares during the period. CGC Financial Services LLC boosted its stake in shares of Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Philip Morris International by 0.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after purchasing an additional 112 shares during the period. Finally, Apexium Financial LP boosted its stake in shares of Philip Morris International by 4.9% during the 3rd quarter. Apexium Financial LP now owns 2,467 shares of the company’s stock worth $229,000 after purchasing an additional 116 shares during the period. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Societe Generale raised shares of 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. Stifel Nicolaus lifted 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. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Hold” and a consensus target price of $105.50.

Insider Transactions at Philip Morris International

In other news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Werner Barth sold 5,000 shares of the business’s 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 sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock valued at $3,339,528 in the last 90 days. Insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM traded down $1.12 during trading hours on Friday, hitting $94.97. The company’s stock had a trading volume of 5,390,948 shares, compared to its average volume of 5,771,704. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.79. The company has a market capitalization of $147.64 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 2.09 and a beta of 0.61. The firm’s fifty day moving average price is $91.90 and its 200 day moving average price is $92.20.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the previous year, the business posted $1.38 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is currently 101.56%.

Philip Morris International 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.