Philip Morris International Inc. (NYSE:PM) Shares Purchased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,712 shares of the company’s stock after acquiring an additional 376 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Philip Morris International were worth $1,491,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Dearborn Partners LLC raised its position in Philip Morris International by 3.2% in the 2nd quarter. Dearborn Partners LLC now owns 2,867 shares of the company’s stock valued at $291,000 after purchasing an additional 89 shares in the last quarter. LRI Investments LLC lifted its stake in Philip Morris International by 1.5% in the second quarter. LRI Investments LLC now owns 6,287 shares of the company’s stock worth $637,000 after acquiring an additional 92 shares during the last quarter. Bar Harbor Wealth Management grew its holdings in Philip Morris International by 2.6% during the 2nd quarter. Bar Harbor Wealth Management now owns 3,919 shares of the company’s stock worth $397,000 after acquiring an additional 100 shares in the last quarter. Stephens Consulting LLC increased its position in shares of Philip Morris International by 8.6% in the 2nd quarter. Stephens Consulting LLC now owns 1,266 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares during the last quarter. Finally, KCM Investment Advisors LLC raised its holdings in shares of Philip Morris International by 2.8% in the 1st quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock valued at $354,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock traded up $0.22 during midday trading on Thursday, hitting $126.83. 185,288 shares of the company’s stock were exchanged, compared to its average volume of 5,267,683. The stock has a market cap of $197.16 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 2.41 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $127.41. The firm’s 50 day simple moving average is $112.91 and its 200 day simple moving average is $101.82.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Activity at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was 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 directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, July 25th. The shares were 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 owns 158,447 shares in the company, valued at $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price 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. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report 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 report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Bank of America raised their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $113.70.

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.