Philip Morris International Inc. (NYSE:PM) Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,384 shares of the company’s stock after purchasing an additional 986 shares during the period. Aaron Wealth Advisors LLC’s holdings in Philip Morris International were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Moss Adams Wealth Advisors LLC boosted its holdings in Philip Morris International by 11.5% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 3,594 shares of the company’s stock worth $438,000 after buying an additional 370 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its stake in shares of Philip Morris International by 1.8% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 6,150 shares of the company’s stock worth $729,000 after acquiring an additional 110 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Philip Morris International by 11.9% in the 4th quarter. Financial Management Professionals Inc. now owns 4,139 shares of the company’s stock worth $498,000 after acquiring an additional 440 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Philip Morris International by 37.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 19,263 shares of the company’s stock worth $2,318,000 after purchasing an additional 5,219 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in shares of Philip Morris International by 22.0% during the fourth quarter. HB Wealth Management LLC now owns 65,613 shares of the company’s stock valued at $7,896,000 after purchasing an additional 11,846 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Citigroup raised their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Price Performance

Shares of PM stock opened at $121.88 on Friday. The firm has a market cap of $189.51 billion, a P/E ratio of 19.35, a PEG ratio of 1.86 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. The stock’s 50-day moving average is $125.50 and its two-hundred day moving average is $121.19.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, research analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced 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. This represents a $5.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend 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.