Radnor Capital Management LLC Makes New $2.48 Million Investment in Philip Morris International Inc. (NYSE:PM)

Radnor Capital Management LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 20,400 shares of the company’s stock, valued at approximately $2,477,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalina Capital Group LLC boosted its holdings in Philip Morris International by 20.1% during the third quarter. Catalina Capital Group LLC now owns 4,899 shares of the company’s stock worth $595,000 after buying an additional 820 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in Philip Morris International by 59.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 6,137 shares of the company’s stock valued at $745,000 after buying an additional 2,287 shares during the last quarter. Long Run Wealth Advisors LLC raised its position in Philip Morris International by 50.0% in the 3rd quarter. Long Run Wealth Advisors LLC now owns 3,180 shares of the company’s stock valued at $386,000 after buying an additional 1,060 shares during the last quarter. Balentine LLC increased its position in shares of Philip Morris International by 52.3% during the 3rd quarter. Balentine LLC now owns 17,018 shares of the company’s stock worth $2,066,000 after purchasing an additional 5,847 shares during the last quarter. Finally, HF Advisory Group LLC increased its position in shares of Philip Morris International by 5.2% during the 3rd quarter. HF Advisory Group LLC now owns 14,437 shares of the company’s stock worth $1,753,000 after purchasing an additional 710 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on PM. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. UBS Group upped their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Bank of America boosted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.85.

Insider Transactions at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the sale, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This represents 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 at this hyperlink. In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,418 shares of company stock valued at $15,247,052 over the last three months. 0.14% of the stock is currently owned by insiders.

Philip Morris International Stock Performance

Shares of PM stock opened at $132.19 on Wednesday. The stock’s 50-day simple moving average is $124.07 and its 200-day simple moving average is $112.02. The firm has a market capitalization of $205.53 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.28 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.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Philip Morris International’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.09%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. Philip Morris International’s payout ratio is 85.71%.

About Philip Morris International

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.