Klein Pavlis & Peasley Financial Inc. Decreases Position in Philip Morris International Inc. (NYSE:PM)

Klein Pavlis & Peasley Financial Inc. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,560 shares of the company’s stock after selling 213 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Philip Morris International were worth $1,525,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. BKM Wealth Management LLC grew its stake in Philip Morris International by 69.6% in the 1st quarter. BKM Wealth Management LLC now owns 2,970 shares of the company’s stock valued at $272,000 after buying an additional 1,219 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in Philip Morris International in the 1st quarter valued at approximately $201,000. Claro Advisors LLC grew its stake in Philip Morris International by 2.0% in the 1st quarter. Claro Advisors LLC now owns 7,336 shares of the company’s stock valued at $672,000 after buying an additional 142 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its stake in Philip Morris International by 17.6% in the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,759 shares of the company’s stock valued at $344,000 after buying an additional 563 shares in the last quarter. Finally, Synergy Asset Management LLC grew its stake in Philip Morris International by 52.3% in the 1st quarter. Synergy Asset Management LLC now owns 50,369 shares of the company’s stock valued at $4,615,000 after buying an additional 17,294 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,418 shares of company stock worth $15,247,052. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Down 2.2 %

Philip Morris International stock opened at $129.86 on Monday. The company has a market capitalization of $201.87 billion, a PE ratio of 25.36, a P/E/G ratio of 2.57 and a beta of 0.55. The firm has a fifty day simple moving average of $122.50 and a two-hundred day simple moving average of $109.99. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $133.27.

Philip Morris International (NYSE:PM) last released its quarterly earnings data 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 12.10% and a negative return on equity of 117.94%. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a $1.35 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.16%. Philip Morris International’s payout ratio is presently 105.47%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Bank of America raised their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Barclays raised their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $126.85.

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.