Callahan Advisors LLC Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Callahan Advisors LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 153.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,734 shares of the company’s stock after purchasing an additional 5,898 shares during the quarter. Callahan Advisors LLC’s holdings in Philip Morris International were worth $1,171,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PM. Resonant Capital Advisors LLC increased its holdings in shares of Philip Morris International by 5.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 4,855 shares of the company’s stock valued at $596,000 after acquiring an additional 237 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in shares of Philip Morris International by 23.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 6,747 shares of the company’s stock valued at $819,000 after acquiring an additional 1,263 shares during the last quarter. Essex LLC bought a new stake in shares of Philip Morris International in the 3rd quarter valued at approximately $202,000. Vest Financial LLC increased its holdings in shares of Philip Morris International by 197.1% in the 3rd quarter. Vest Financial LLC now owns 7,786 shares of the company’s stock valued at $945,000 after acquiring an additional 5,165 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Philip Morris International by 47.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 226,577 shares of the company’s stock valued at $27,506,000 after acquiring an additional 72,757 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

Shares of PM stock opened at $150.60 on Tuesday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $151.22. The stock has a fifty day moving average of $127.91 and a two-hundred day moving average of $125.52. The firm has a market capitalization of $234.16 billion, a PE 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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 9.24%. Equities research analysts predict that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analyst Ratings Changes

A number of brokerages recently commented on PM. Stifel Nicolaus upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group upped their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Barclays lowered their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” 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’s stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $139.56.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

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.