500 Shares in Philip Morris International Inc. (NYSE:PM) Bought by IFS Advisors LLC

IFS Advisors LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, Holdings Channel reports. The firm acquired 500 shares of the company’s stock, valued at approximately $60,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in Philip Morris International by 30.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,928 shares of the company’s stock worth $3,120,000 after buying an additional 6,097 shares during the last quarter. BluePath Capital Management LLC raised its stake in Philip Morris International by 17.8% during the 4th quarter. BluePath Capital Management LLC now owns 7,155 shares of the company’s stock worth $841,000 after buying an additional 1,080 shares during the period. CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Philip Morris International by 3.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 90,483 shares of the company’s stock valued at $10,890,000 after buying an additional 2,920 shares during the period. Rockingstone Advisors LLC lifted its holdings in shares of Philip Morris International by 2.7% in the fourth quarter. Rockingstone Advisors LLC now owns 24,377 shares of the company’s stock valued at $2,934,000 after purchasing an additional 649 shares in the last quarter. Finally, Peak Financial Advisors LLC bought a new stake in Philip Morris International in the 4th quarter valued at approximately $2,843,000. 78.63% of the stock is owned by institutional investors.

Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Philip Morris International Trading Up 0.2 %

PM stock opened at $118.71 on Thursday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The stock has a 50-day moving average price of $125.80 and a 200-day moving average price of $121.07. The firm has a market cap of $184.57 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (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 company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the previous year, the company earned $1.67 EPS. Philip Morris International’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PM. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday. They set an “overweight” rating and a $140.00 price target on the stock. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group raised their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $131.35.

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.