Luts & Greenleigh Group Inc. Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Luts & Greenleigh Group Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,448 shares of the company’s stock after purchasing an additional 89 shares during the quarter. Philip Morris International accounts for approximately 1.0% of Luts & Greenleigh Group Inc.’s investment portfolio, making the stock its 22nd largest position. Luts & Greenleigh Group Inc.’s holdings in Philip Morris International were worth $1,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dover Advisors LLC grew its holdings in shares of Philip Morris International by 5.6% in the third quarter. Dover Advisors LLC now owns 8,237 shares of the company’s stock valued at $1,000,000 after purchasing an additional 439 shares in the last quarter. SWS Partners lifted its position in Philip Morris International by 4,939.7% in the third quarter. SWS Partners now owns 21,217 shares of the company’s stock worth $2,576,000 after buying an additional 20,796 shares during the last quarter. Occidental Asset Management LLC lifted its position in Philip Morris International by 13.0% in the third quarter. Occidental Asset Management LLC now owns 2,585 shares of the company’s stock worth $314,000 after buying an additional 297 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Philip Morris International by 1.1% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,180 shares of the company’s stock worth $993,000 after buying an additional 90 shares during the last quarter. Finally, Creative Planning lifted its position in Philip Morris International by 5.6% in the third quarter. Creative Planning now owns 365,549 shares of the company’s stock worth $44,378,000 after buying an additional 19,490 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.3 %

NYSE:PM traded up $0.34 during mid-day trading on Tuesday, reaching $120.42. The company’s stock had a trading volume of 5,493,307 shares, compared to its average volume of 5,352,301. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $128.22. The stock has a fifty day moving average of $120.97 and a 200-day moving average of $107.81. The firm has a market capitalization of $187.20 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings data 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 company had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. On average, analysts expect that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.48%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 105.47%.

Insider Activity at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of Philip Morris International 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 transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Massimo Andolina sold 9,000 shares of Philip Morris International 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 transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction 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 in the company, valued at $17,906,095.47. This represents a 0.00 % decrease in their ownership of the stock. 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 analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Barclays raised their price target on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group raised their price target on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $123.95.

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.