Focus Financial Network Inc. Has $519,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Focus Financial Network Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,788 shares of the company’s stock after purchasing an additional 143 shares during the period. Focus Financial Network Inc.’s holdings in Philip Morris International were worth $519,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PM. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International during the fourth quarter valued at $33,000. CWM LLC grew its stake in Philip Morris International by 32.5% during the fourth quarter. CWM LLC now owns 45,738 shares of the company’s stock worth $4,303,000 after buying an additional 11,228 shares during the last quarter. Sage Mountain Advisors LLC increased its holdings in shares of Philip Morris International by 19.2% during the fourth quarter. Sage Mountain Advisors LLC now owns 3,519 shares of the company’s stock worth $331,000 after buying an additional 566 shares in the last quarter. RWA Wealth Partners LLC raised its stake in shares of Philip Morris International by 40.7% in the fourth quarter. RWA Wealth Partners LLC now owns 12,303 shares of the company’s stock valued at $1,157,000 after acquiring an additional 3,556 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of Philip Morris International by 12.8% in the 4th quarter. PDS Planning Inc now owns 4,087 shares of the company’s stock worth $384,000 after acquiring an additional 463 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Bank of America raised their price target on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Barclays raised their price target on shares of Philip Morris International from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Finally, Stifel Nicolaus increased their price objective on Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.80.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the transaction, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 0.5 %

NYSE PM traded up $0.63 on Wednesday, reaching $119.61. The company had a trading volume of 976,103 shares, compared to its average volume of 5,331,882. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $119.94. The stock has a market cap of $185.94 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.35 and a beta of 0.58. The stock’s 50 day moving average is $108.32 and its 200-day moving average is $99.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the business posted $1.60 EPS. Philip Morris International’s revenue was up 5.6% on a year-over-year basis. As a group, analysts forecast that Philip Morris International Inc. will post 6.41 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were paid a $1.30 dividend. The ex-dividend date was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 4.35%. Philip Morris International’s payout ratio is 101.56%.

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.