McClarren Financial Advisors Inc. Acquires Shares of 275 Philip Morris International Inc. (NYSE:PM)

McClarren Financial Advisors Inc. bought a new position in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 275 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors also recently modified their holdings of the stock. CX Institutional grew its stake in shares of Philip Morris International by 6.7% in the 3rd quarter. CX Institutional now owns 7,562 shares of the company’s stock valued at $918,000 after buying an additional 475 shares in the last quarter. Creative Planning grew its position in Philip Morris International by 5.6% in the third quarter. Creative Planning now owns 365,549 shares of the company’s stock worth $44,378,000 after acquiring an additional 19,490 shares in the last quarter. Occidental Asset Management LLC grew its position in Philip Morris International by 13.0% in the third quarter. Occidental Asset Management LLC now owns 2,585 shares of the company’s stock worth $314,000 after acquiring an additional 297 shares in the last quarter. Acorn Creek Capital LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth $213,000. Finally, Cascade Investment Group Inc. bought a new position in shares of Philip Morris International during the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PM. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday. Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $134.35.

Philip Morris International Trading Up 1.3 %

Shares of PM stock opened at $149.94 on Thursday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $150.24. The firm’s fifty day simple moving average is $126.34 and its 200 day simple moving average is $124.54. The firm has a market capitalization of $233.13 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.55 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 analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Equities research analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.60%. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.