Philip Morris International Inc. (NYSE:PM) Shares Bought by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,302 shares of the company’s stock after buying an additional 93 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Philip Morris International were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Strategic Financial Concepts LLC acquired a new position in Philip Morris International in the second quarter valued at about $25,000. Sachetta LLC lifted its holdings in shares of Philip Morris International by 64.8% in the 2nd quarter. Sachetta LLC now owns 267 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Valley Wealth Managers Inc. boosted its position in shares of 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 purchasing an additional 183 shares during the period. Dunhill Financial LLC increased its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. Finally, Concord Wealth Partners raised its position in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.2 %

Shares of NYSE PM traded up $0.22 during trading hours on Tuesday, reaching $121.22. The stock had a trading volume of 800,609 shares, compared to its average volume of 3,123,269. The firm has a market cap of $188.48 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm has a 50-day moving average of $127.23 and a 200-day moving average of $120.30.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the previous year, the company posted $1.67 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, December 26th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Insider Buying and Selling

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, UBS Group upped their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

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.