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

TFB Advisors LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,632 shares of the company’s stock after purchasing an additional 115 shares during the period. TFB Advisors LLC’s holdings in Philip Morris International were worth $317,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital Advisors Inc. OK lifted its holdings in Philip Morris International by 8.0% in the fourth quarter. Capital Advisors Inc. OK now owns 6,910 shares of the company’s stock worth $832,000 after acquiring an additional 510 shares during the last quarter. Leavell Investment Management Inc. raised its position in shares of Philip Morris International by 8.5% during the 4th quarter. Leavell Investment Management Inc. now owns 11,505 shares of the company’s stock worth $1,400,000 after purchasing an additional 899 shares during the period. Portfolio Design Labs LLC raised its position in shares of Philip Morris International by 34.8% during the 4th quarter. Portfolio Design Labs LLC now owns 12,347 shares of the company’s stock worth $1,486,000 after purchasing an additional 3,187 shares during the period. Sovran Advisors LLC acquired a new position in Philip Morris International during the 4th quarter valued at approximately $287,000. Finally, McBroom & Associates LLC boosted its position in Philip Morris International by 20.7% during the 4th quarter. McBroom & Associates LLC now owns 6,946 shares of the company’s stock valued at $836,000 after purchasing an additional 1,189 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group boosted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.35.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $149.94 on Thursday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $150.24. The firm has a market cap of $233.13 billion, a P/E ratio of 33.25, a PEG ratio of 2.55 and a beta of 0.55. The stock has a fifty day moving average price of $126.34 and a two-hundred day moving average price of $124.54.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. On average, research analysts predict that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.60%. Philip Morris International’s payout ratio is currently 119.73%.

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.