JFS Wealth Advisors LLC Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

JFS Wealth Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 43.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,605 shares of the company’s stock after acquiring an additional 1,385 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Philip Morris International were worth $559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kovack Advisors Inc. raised its holdings in shares of Philip Morris International by 10.4% during the 1st quarter. Kovack Advisors Inc. now owns 6,600 shares of the company’s stock valued at $605,000 after buying an additional 624 shares during the period. First Trust Direct Indexing L.P. increased its position in shares of Philip Morris International by 19.2% during the first quarter. First Trust Direct Indexing L.P. now owns 16,218 shares of the company’s stock worth $1,486,000 after acquiring an additional 2,615 shares during the last quarter. FORVIS Wealth Advisors LLC increased its holdings in Philip Morris International by 26.2% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 11,580 shares of the company’s stock worth $1,061,000 after purchasing an additional 2,407 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Philip Morris International by 41.0% in the first quarter. Ashton Thomas Private Wealth LLC now owns 12,730 shares of the company’s stock worth $1,166,000 after buying an additional 3,701 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Philip Morris International by 3.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 340,214 shares of the company’s stock valued at $31,835,000 after acquiring an additional 10,955 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. UBS Group increased their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Barclays lifted their target price on Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Bank of America upped their price objective on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $127.85.

Philip Morris International Price Performance

Philip Morris International stock opened at $132.70 on Friday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm’s 50 day simple moving average is $123.49 and its 200-day simple moving average is $110.88. The company has a market cap of $206.33 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.57 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 12.10%. Philip Morris International’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. On average, analysts expect that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared 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 is a boost from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $9,877,305.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,418 shares of company stock worth $15,247,052. 0.14% of the stock is currently owned by company insiders.

Philip Morris International 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.