Philip Morris International Inc. (NYSE:PM) Shares Acquired by JFG Wealth Management LLC

JFG Wealth Management LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 11.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,245 shares of the company’s stock after acquiring an additional 232 shares during the period. JFG Wealth Management LLC’s holdings in Philip Morris International were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. Nordea Investment Management AB raised its position in shares of Philip Morris International by 4.8% in the 1st quarter. Nordea Investment Management AB now owns 76,889 shares of the company’s stock valued at $7,061,000 after purchasing an additional 3,525 shares in the last quarter. Catalina Capital Group LLC acquired a new position in shares of Philip Morris International in the 1st quarter valued at approximately $355,000. Richardson Financial Services Inc. raised its position in shares of Philip Morris International by 8.6% in the 1st quarter. Richardson Financial Services Inc. now owns 2,504 shares of the company’s stock valued at $230,000 after purchasing an additional 198 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Philip Morris International by 16.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 13,926 shares of the company’s stock valued at $1,276,000 after purchasing an additional 1,966 shares in the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of Philip Morris International by 7.7% in the 1st quarter. Advisors Capital Management LLC now owns 639,689 shares of the company’s stock valued at $58,608,000 after purchasing an additional 45,805 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of PM opened at $132.19 on Wednesday. The firm has a market capitalization of $205.53 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.28 and a beta of 0.54. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The stock’s fifty day moving average is $124.07 and its 200-day moving average is $112.02.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. Analysts forecast that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, September 26th. This represents a $5.40 annualized dividend and a yield of 4.09%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

Insider Activity at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the transaction, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,418 shares of company stock valued at $15,247,052 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on PM. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Barclays boosted their price target on Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.85.

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.