Philip Morris International Inc. (NYSE:PM) Holdings Boosted by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,461 shares of the company’s stock after purchasing an additional 359 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Philip Morris International were worth $2,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Range Financial Group LLC grew its holdings in shares of Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after acquiring an additional 19,127 shares in the last quarter. Park Avenue Securities LLC grew its stake in Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC increased its position in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Philip Morris International by 50.9% during the 4th 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 in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Philip Morris International by 182.4% during the 3rd quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock valued at $827,000 after buying an additional 4,402 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PM shares. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Barclays lifted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Insider Buying and Selling

In other news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 10,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now owns 106,244 shares of the company’s stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

PM stock opened at $152.12 on Friday. The stock has a market capitalization of $236.53 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The company has a 50-day moving average of $141.69 and a two-hundred day moving average of $130.95. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.55%. Philip Morris International’s payout ratio is 119.73%.

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.