BKM Wealth Management LLC Has $298,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

BKM Wealth Management LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,479 shares of the company’s stock after buying an additional 81 shares during the period. BKM Wealth Management LLC’s holdings in Philip Morris International were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC increased its position in Philip Morris International by 518.4% in the 4th quarter. Kestra Investment Management LLC now owns 11,744 shares of the company’s stock valued at $1,413,000 after acquiring an additional 9,845 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Philip Morris International by 4.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 83,265 shares of the company’s stock valued at $10,067,000 after purchasing an additional 3,443 shares in the last quarter. GAM Holding AG increased its holdings in shares of Philip Morris International by 86.0% in the fourth quarter. GAM Holding AG now owns 18,929 shares of the company’s stock valued at $2,278,000 after purchasing an additional 8,753 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Philip Morris International by 10.9% in the fourth quarter. Venturi Wealth Management LLC now owns 21,138 shares of the company’s stock valued at $2,544,000 after purchasing an additional 2,082 shares in the last quarter. Finally, Fortis Group Advisors LLC increased its stake in shares of Philip Morris International by 4.8% in the 4th quarter. Fortis Group Advisors LLC now owns 3,890 shares of the company’s stock valued at $468,000 after buying an additional 178 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insiders Place Their Bets

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $150.60 on Tuesday. The stock has a 50 day simple moving average of $127.47 and a 200 day simple moving average of $125.28. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $151.22. The firm has a market capitalization of $234.16 billion, a PE ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly 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 net margin of 9.24% and a negative return on equity of 120.08%. Equities research analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Barclays lowered their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

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.