Onyx Bridge Wealth Group LLC Buys 463 Shares of Philip Morris International Inc. (NYSE:PM)

Onyx Bridge Wealth Group LLC grew its position in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,785 shares of the company’s stock after buying an additional 463 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Philip Morris International were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Philip Morris International by 83.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 28,909,466 shares of the company’s stock worth $2,854,521,000 after acquiring an additional 13,126,188 shares during the last quarter. FMR LLC grew its holdings in Philip Morris International by 58.9% during the second quarter. FMR LLC now owns 16,346,683 shares of the company’s stock valued at $1,614,071,000 after purchasing an additional 6,060,171 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Philip Morris International by 652.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,894,453 shares of the company’s stock worth $572,309,000 after buying an additional 5,977,719 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 1.1% in the third quarter. Vanguard Group Inc. now owns 132,480,611 shares of the company’s stock worth $10,997,216,000 after buying an additional 1,451,582 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Philip Morris International by 122.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock valued at $247,294,000 after buying an additional 1,446,567 shares in the last quarter. Institutional investors own 75.85% of the company’s stock.

Insider Activity at Philip Morris International

In other news, insider Stacey Kennedy sold 8,756 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $101.31, for a total value of $887,070.36. Following the completion of the sale, the insider now directly owns 47,731 shares of the company’s stock, valued at approximately $4,835,627.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Philip Morris International news, insider Stacey Kennedy sold 8,756 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $101.31, for a total transaction of $887,070.36. Following the transaction, the insider now owns 47,731 shares in the company, valued at $4,835,627.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Werner Barth sold 8,000 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $98.35, for a total transaction of $786,800.00. Following the completion of the sale, the insider now directly owns 87,321 shares in the company, valued at approximately $8,588,020.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,064 shares of company stock valued at $11,738,763. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PM. Morgan Stanley increased their target price on shares of Philip Morris International from $109.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Jefferies Financial Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and upped their target price for the stock from $86.00 to $118.00 in a report on Thursday, January 19th. StockNews.com started coverage on Philip Morris International in a report on Thursday. They set a “hold” rating on the stock. The Goldman Sachs Group raised Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $120.00 in a research note on Wednesday, January 25th. Finally, Citigroup reissued a “neutral” rating and set a $109.00 target price on shares of Philip Morris International in a research note on Tuesday, December 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $109.73.

Philip Morris International Price Performance

NYSE:PM opened at $94.79 on Friday. The company has a market cap of $146.95 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 3.03 and a beta of 0.69. Philip Morris International Inc. has a 1 year low of $82.85 and a 1 year high of $109.81. The stock’s 50 day simple moving average is $100.69 and its two-hundred day simple moving average is $96.75.

Philip Morris International (NYSE:PM – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.10. The company had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $7.54 billion. Philip Morris International had a net margin of 11.22% and a negative return on equity of 127.24%. Philip Morris International’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 earnings per share. As a group, analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Wednesday, March 22nd. Philip Morris International’s dividend payout ratio is 87.44%.

Philip Morris International Profile

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.