Whipplewood Advisors LLC Acquires New Position in Philip Morris International Inc. (NYSE:PM)

Whipplewood Advisors LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,244 shares of the company’s stock, valued at approximately $270,000.

A number of other large investors also recently modified their holdings of PM. Valley Wealth Managers Inc. grew its position in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Dunhill Financial LLC grew its position in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $33,000. Sierra Ocean LLC bought a new position in Philip Morris International during the 4th quarter worth approximately $37,000. Finally, Asset Dedication LLC grew its position in Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after acquiring an additional 147 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Philip Morris International

In other news, CFO Emmanuel Babeau sold 30,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.85, for a total value of $4,465,500.00. Following the completion of the transaction, the chief financial officer now owns 139,105 shares in the company, valued at $20,705,779.25. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares of the company’s stock, valued at $81,495,308.62. This represents a 6.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,143 shares of company stock worth $19,092,846. 0.14% of the stock is owned by insiders.

Philip Morris International Trading Down 0.5 %

Shares of NYSE:PM opened at $153.95 on Friday. The stock has a fifty day simple moving average of $132.28 and a two-hundred day simple moving average of $127.47. The stock has a market capitalization of $239.37 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $158.39.

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

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PM shares. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Stifel Nicolaus lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective 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. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Finally, Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Company 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.