Philip Morris International Inc. (NYSE:PM) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 97.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 37,065 shares of the company’s stock after purchasing an additional 18,257 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Philip Morris International were worth $4,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LVW Advisors LLC lifted its stake in shares of Philip Morris International by 2.8% in the third quarter. LVW Advisors LLC now owns 5,579 shares of the company’s stock valued at $677,000 after purchasing an additional 151 shares during the period. Castle Rock Wealth Management LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at about $206,000. MADDEN SECURITIES Corp lifted its stake in shares of Philip Morris International by 46.9% in the third quarter. MADDEN SECURITIES Corp now owns 6,136 shares of the company’s stock valued at $745,000 after purchasing an additional 1,960 shares during the period. Fiduciary Financial Group LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at about $320,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of Philip Morris International by 2.0% in the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,557 shares of the company’s stock valued at $1,039,000 after purchasing an additional 170 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Philip Morris International stock opened at $144.40 on Friday. The company has a 50-day simple moving average of $125.66 and a 200-day simple moving average of $123.87. The firm has a market capitalization of $224.51 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $146.78.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.74%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Wall Street Analyst Weigh In

PM has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. Barclays cut their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. 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 for the company. Finally, UBS Group lifted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $134.35.

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.