Game Plan Financial Advisors LLC Buys 3,425 Shares of Philip Morris International Inc. (NYSE:PM)

Game Plan Financial Advisors LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 80.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,660 shares of the company’s stock after acquiring an additional 3,425 shares during the period. Game Plan Financial Advisors LLC’s holdings in Philip Morris International were worth $922,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Creative Planning raised 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 purchasing an additional 19,490 shares in the last quarter. LexAurum Advisors LLC acquired a new position in Philip Morris International in the third quarter worth about $245,000. V Square Quantitative Management LLC raised its position in Philip Morris International by 110.4% in the third quarter. V Square Quantitative Management LLC now owns 4,144 shares of the company’s stock worth $503,000 after purchasing an additional 2,174 shares in the last quarter. Stratos Investment Management LLC raised its position in Philip Morris International by 2.1% in the third quarter. Stratos Investment Management LLC now owns 4,952 shares of the company’s stock worth $601,000 after purchasing an additional 104 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new position in Philip Morris International in the third quarter worth about $795,000. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PM. Barclays dropped their price target on shares of 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. UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Stifel Nicolaus increased their price target on shares of 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. raised their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.56.

Philip Morris International Price Performance

PM opened at $150.60 on Friday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $151.22. The company’s 50 day simple moving average is $127.47 and its 200-day simple moving average is $125.14. The stock has a market capitalization of $234.16 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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%. As a group, analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. Philip Morris International’s payout ratio is presently 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.