Flagship Wealth Advisors LLC Invests $144,000 in Philip Morris International Inc. (NYSE:PM)

Flagship Wealth Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,200 shares of the company’s stock, valued at approximately $144,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC lifted its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after buying an additional 73 shares in the last quarter. Balboa Wealth Partners lifted its position in shares of Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after buying an additional 74 shares in the last quarter. Centurion Wealth Management LLC lifted its position in shares of Philip Morris International by 3.5% during the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock valued at $268,000 after buying an additional 75 shares in the last quarter. Finally, Investment Advisory Services Inc. TX ADV lifted its position in shares of Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity

In other news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by insiders.

Philip Morris International Price Performance

NYSE:PM opened at $155.49 on Tuesday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The stock’s 50 day simple moving average is $139.79 and its two-hundred day simple moving average is $130.42. The company has a market cap of $241.76 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent analyst reports. UBS Group lifted their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Stifel Nicolaus lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays lifted their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.56.

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.