2,626 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Alaethes Wealth LLC

Alaethes Wealth LLC purchased a new position in Philip Morris International Inc. (NYSE:PMFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,626 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. PFG Investments LLC increased its stake in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after purchasing an additional 109 shares during the period. CGC Financial Services LLC increased its stake in shares of Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after buying an additional 110 shares during the period. Raleigh Capital Management Inc. increased its stake in shares of Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after buying an additional 112 shares during the period. Bluesphere Advisors LLC increased its stake in shares of Philip Morris International by 0.7% during the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock worth $1,599,000 after buying an additional 113 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its stake in shares of Philip Morris International by 0.4% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock worth $2,758,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus increased their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Hold” and a consensus target price of $105.50.

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Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was 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 owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value 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 disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock worth $3,339,528 in the last 90 days. 0.13% of the stock is owned by company insiders.

Philip Morris International Trading Up 2.0 %

Shares of NYSE:PM traded up $1.97 during midday trading on Friday, hitting $101.38. 7,528,798 shares of the stock were exchanged, compared to its average volume of 4,222,121. The stock has a market cap of $157.60 billion, a P/E ratio of 19.80, a PEG ratio of 2.16 and a beta of 0.60. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $101.52. The company has a 50 day moving average price of $95.41 and a 200-day moving average price of $93.60.

Philip Morris International (NYSE:PMGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the company posted $1.38 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced 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 5.13%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is 101.56%.

Philip Morris International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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