LVW Advisors LLC Acquires 3,112 Shares of Philip Morris International Inc. (NYSE:PM)

LVW Advisors LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 55.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,691 shares of the company’s stock after acquiring an additional 3,112 shares during the quarter. LVW Advisors LLC’s holdings in Philip Morris International were worth $1,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Annex Advisory Services LLC boosted its position in shares of Philip Morris International by 77.0% during the fourth quarter. Annex Advisory Services LLC now owns 23,681 shares of the company’s stock worth $2,850,000 after purchasing an additional 10,301 shares in the last quarter. Client 1ST Advisory Group LLC bought a new position in shares of Philip Morris International during the fourth quarter worth $283,000. Kelly Financial Services LLC bought a new position in shares of Philip Morris International during the fourth quarter worth $220,000. HF Advisory Group LLC boosted its position in shares of Philip Morris International by 3.9% during the fourth quarter. HF Advisory Group LLC now owns 14,998 shares of the company’s stock worth $1,805,000 after purchasing an additional 561 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in shares of Philip Morris International by 15.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,384 shares of the company’s stock worth $889,000 after purchasing an additional 986 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 1.7 %

Shares of PM stock opened at $121.88 on Monday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The firm’s fifty day moving average price is $125.50 and its two-hundred day moving average price is $121.33. The firm has a market capitalization of $189.51 billion, a P/E ratio of 19.35, a PEG ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.43%. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Barclays cut their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday. They issued an “overweight” rating and a $140.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $131.35.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction dated 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 sale, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. The trade was a 9.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Philip Morris International Company 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.