Richwood Investment Advisors LLC Acquires 150 Shares of Philip Morris International Inc. (NYSE:PM)

Richwood Investment Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,070 shares of the company’s stock after acquiring an additional 150 shares during the period. Richwood Investment Advisors LLC’s holdings in Philip Morris International were worth $249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Finally, Sierra Ocean LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $37,000. 78.63% of the stock is currently owned by institutional investors.

Insider Transactions at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 in the last quarter. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Finally, StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Trading Down 0.8 %

Shares of Philip Morris International stock opened at $151.25 on Friday. The firm has a market capitalization of $235.16 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.65 and a beta of 0.53. The business has a fifty day simple moving average of $142.37 and a two-hundred day simple moving average of $131.18. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS 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%. Analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.