Marshall Financial Group LLC Takes $616,000 Position in Philip Morris International Inc. (NYSE:PM)

Marshall Financial Group LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,075 shares of the company’s stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PM. Kessler Investment Group LLC purchased a new position in Philip Morris International in the 1st quarter worth $25,000. Boyd Watterson Asset Management LLC OH raised its stake in Philip Morris International by 250.0% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares during 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 worth $32,000 after acquiring 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 worth $33,000. Finally, Northwest Financial Advisors purchased a new position in Philip Morris International in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’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 completion of the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’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 transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Barclays raised their target price on Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America increased their price target on Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus increased their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.80.

Philip Morris International Trading Up 0.1 %

NYSE:PM traded up $0.17 during trading hours on Friday, hitting $118.06. The company’s stock had a trading volume of 3,707,409 shares, compared to its average volume of 5,379,225. The stock has a market capitalization of $183.53 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. The stock has a fifty day moving average of $107.72 and a 200-day moving average of $98.96. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $119.06.

Philip Morris International (NYSE:PM) last announced 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 business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. On average, sell-side analysts forecast that Philip Morris International Inc. will post 6.41 earnings per share for the current year.

Philip Morris International Announces Dividend

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