Stokes Family Office LLC Acquires 3,953 Shares of Philip Morris International Inc. (NYSE:PM)

Stokes Family Office LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,871 shares of the company’s stock after buying an additional 3,953 shares during the period. Stokes Family Office LLC’s holdings in Philip Morris International were worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. NewSquare Capital LLC raised its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Dunhill Financial LLC increased 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 in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth $33,000. Knuff & Co LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth $36,000. Finally, Sierra Ocean LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth $37,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 1.2 %

NYSE:PM opened at $153.79 on Wednesday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The stock has a market capitalization of $239.12 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The stock’s 50-day moving average price is $140.44 and its 200-day moving average price is $130.64.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS 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%. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity

In related news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PM. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Barclays raised their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.