1,050 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Triad Wealth Partners LLC

Triad Wealth Partners LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,050 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kessler Investment Group LLC acquired a new position in Philip Morris International during the first quarter worth approximately $25,000. Boyd Watterson Asset Management LLC OH increased its stake in Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Philip Morris International by 57.4% in the second quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after buying an additional 116 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Finally, Northwest Financial Advisors purchased a new position in shares of Philip Morris International during the fourth quarter worth about $33,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Barclays boosted their price objective on shares of Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America raised their price target on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their target price on Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.80.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Up 0.1 %

Shares of Philip Morris International stock traded up $0.17 during trading hours on Friday, reaching $118.06. The stock had a trading volume of 3,707,409 shares, compared to its average volume of 5,379,225. The firm has a market capitalization of $183.53 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 2.35 and a beta of 0.58. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $119.06. The firm has a 50 day simple moving average of $107.72 and a two-hundred day simple moving average of $98.91.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. Sell-side analysts forecast that Philip Morris International Inc. will post 6.41 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

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.