Kohmann Bosshard Financial Services LLC Purchases Shares of 418 Philip Morris International Inc. (NYSE:PM)

Kohmann Bosshard Financial Services LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, Holdings Channel reports. The firm purchased 418 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Philip Morris International by 31.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 11,002 shares of the company’s stock valued at $1,320,000 after buying an additional 2,631 shares in the last quarter. Maia Wealth LLC boosted its holdings in shares of Philip Morris International by 30.0% in the 4th quarter. Maia Wealth LLC now owns 4,820 shares of the company’s stock valued at $629,000 after buying an additional 1,111 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of Philip Morris International by 10.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 3,494 shares of the company’s stock valued at $420,000 after buying an additional 334 shares in the last quarter. Purkiss Capital Advisors LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $243,000. Finally, Onefund LLC boosted its holdings in shares of Philip Morris International by 2.7% in the 4th quarter. Onefund LLC now owns 4,193 shares of the company’s stock valued at $505,000 after buying an additional 111 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 2.3 %

Shares of NYSE PM opened at $158.78 on Tuesday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $158.85. The company has a 50 day simple moving average of $133.60 and a two-hundred day simple moving average of $128.18. The stock has a market cap of $246.88 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.65 and a beta of 0.55.

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

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.40%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent analyst reports. UBS Group raised 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. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Barclays lifted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Morgan Stanley began coverage on shares of 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. Finally, Stifel Nicolaus lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Insider Buying and Selling at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now directly owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,143 shares of company stock worth $19,092,846. Company insiders own 0.13% of the company’s stock.

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.