Crestwood Advisors Group LLC Purchases 503 Shares of Philip Morris International Inc. (NYSE:PM)

Crestwood Advisors Group LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,723 shares of the company’s stock after buying an additional 503 shares during the period. Crestwood Advisors Group LLC’s holdings in Philip Morris International were worth $2,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. FMR LLC boosted its position in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares during the last quarter. National Bank of Canada FI lifted its stake in Philip Morris International by 161.6% during the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after purchasing an additional 1,200,636 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Philip Morris International by 14,611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock valued at $142,467,000 after purchasing an additional 1,165,554 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Philip Morris International by 44.0% in the 3rd quarter. Bank of Montreal Can now owns 3,170,549 shares of the company’s stock valued at $382,432,000 after purchasing an additional 969,198 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock valued at $19,092,846 over the last ninety days. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PM has been the topic of several research analyst reports. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Stifel Nicolaus increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $156.13 on Tuesday. The firm has a 50 day moving average price of $130.42 and a two-hundred day moving average price of $126.81. The stock has a market cap of $242.76 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $156.63.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.46%. Philip Morris International’s dividend payout ratio (DPR) is 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.