Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 23,068 Shares of Philip Morris International Inc. (NYSE:PM)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 506,545 shares of the company’s stock after purchasing an additional 23,068 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Philip Morris International were worth $46,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Exeter Financial LLC lifted its holdings in Philip Morris International by 6.5% during the 3rd quarter. Exeter Financial LLC now owns 9,131 shares of the company’s stock valued at $845,000 after purchasing an additional 557 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in Philip Morris International by 2.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 5,581 shares of the company’s stock valued at $517,000 after purchasing an additional 116 shares during the last quarter. Ziegler Capital Management LLC lifted its holdings in Philip Morris International by 1.1% during the 3rd quarter. Ziegler Capital Management LLC now owns 27,147 shares of the company’s stock valued at $2,513,000 after purchasing an additional 300 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in Philip Morris International by 23.9% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 7,098 shares of the company’s stock worth $657,000 after buying an additional 1,368 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new position in Philip Morris International during the 3rd quarter worth $446,000. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated 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 of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 over the last ninety days. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PM. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research report on Tuesday, February 13th. Finally, UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and an average price target of $105.40.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $0.30 during mid-day trading on Monday, reaching $94.07. The company had a trading volume of 8,655,953 shares, compared to its average volume of 5,558,729. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The firm has a market cap of $146.24 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.96 and a beta of 0.61. The business’s 50-day simple moving average is $91.29 and its 200 day simple moving average is $92.06.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). The business had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.39 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 6.38 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.53%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

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.