Relyea Zuckerberg Hanson LLC Has $825,000 Position in Philip Morris International Inc. (NYSE:PM)

Relyea Zuckerberg Hanson LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 112.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,852 shares of the company’s stock after acquiring an additional 3,627 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Philip Morris International were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Everpar Advisors LLC lifted its holdings in shares of Philip Morris International by 4.0% during the fourth quarter. Everpar Advisors LLC now owns 4,504 shares of the company’s stock worth $542,000 after buying an additional 172 shares in the last quarter. Tompkins Financial Corp raised its holdings in Philip Morris International by 72.4% in the 4th quarter. Tompkins Financial Corp now owns 11,688 shares of the company’s stock valued at $1,407,000 after acquiring an additional 4,910 shares in the last quarter. Capital Planning LLC raised its holdings in Philip Morris International by 7.1% in the 4th quarter. Capital Planning LLC now owns 2,613 shares of the company’s stock valued at $318,000 after acquiring an additional 173 shares in the last quarter. Cypress Wealth Services LLC increased its position in shares of Philip Morris International by 9.5% in the fourth quarter. Cypress Wealth Services LLC now owns 7,391 shares of the company’s stock worth $889,000 after purchasing an additional 643 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Philip Morris International by 50.9% during the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after purchasing an additional 18,183 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $0.35 during trading hours on Friday, reaching $120.15. The company had a trading volume of 1,132,804 shares, compared to its average volume of 4,408,433. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The firm has a market cap of $186.81 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. The business has a fifty day simple moving average of $125.67 and a 200 day simple moving average of $121.05.

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

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.49%. Philip Morris International’s payout ratio is 85.71%.

Insiders Place Their Bets

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. UBS Group lifted their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, Citigroup increased 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.35.

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.