Hopwood Financial Services Inc. Takes $119,000 Position in Philip Morris International Inc. (NYSE:PM)

Hopwood Financial Services Inc. bought a new position in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 986 shares of the company’s stock, valued at approximately $119,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. NewSquare Capital LLC boosted its position in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Valley Wealth Managers Inc. lifted its position in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC lifted its position in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter valued at $33,000. Finally, Knuff & Co LLC purchased a new position in Philip Morris International in the 4th quarter worth about $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM opened at $152.45 on Wednesday. The stock has a 50-day moving average of $137.30 and a two-hundred day moving average of $129.58. The stock has a market cap of $237.03 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

Philip Morris International (NYSE:PM) last released 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 predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.54%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PM. Stifel Nicolaus boosted 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. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, Barclays raised their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were 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 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 legal filing with the SEC, which is accessible through this link. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 over the last quarter. 0.13% of the stock is currently owned by 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.