Philip Morris International Inc. (NYSE:PM) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,075 shares of the company’s stock after buying an additional 958 shares during the quarter. Philip Morris International makes up about 1.2% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 20th largest position. Foster Victor Wealth Advisors LLC’s holdings in Philip Morris International were worth $16,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PM. Kessler Investment Group LLC purchased a new position in Philip Morris International during the first quarter worth $25,000. Boyd Watterson Asset Management LLC OH increased its position in Philip Morris International by 250.0% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares in the last quarter. Fortitude Family Office LLC raised its stake in Philip Morris International by 57.4% in the 2nd quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International in the 4th quarter valued at about $33,000. Finally, Northwest Financial Advisors purchased a new position in Philip Morris International in the 4th quarter valued at about $33,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on PM shares. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Stifel Nicolaus increased their target price on Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Bank of America lifted their price target on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Barclays raised their target price on shares of Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $109.80.

Insider Transactions at Philip Morris International

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

Philip Morris International Trading Up 0.1 %

NYSE:PM traded up $0.17 during mid-day trading on Friday, hitting $118.06. 3,707,409 shares of the company’s stock traded hands, 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 price-to-earnings-growth ratio of 2.35 and a beta of 0.58. The firm has a 50 day moving average of $107.72 and a two-hundred day moving average of $98.96. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $119.06.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $9.47 billion for 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 firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.60 earnings per share. As a group, equities research analysts expect that Philip Morris International Inc. will post 6.41 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

About Philip Morris International

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.