Accurate Wealth Management LLC Purchases 399 Shares of Philip Morris International Inc. (NYSE:PM)

Accurate Wealth Management LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% in the fourth quarter, Holdings Channel reports. The firm owned 10,181 shares of the company’s stock after acquiring an additional 399 shares during the quarter. Accurate Wealth Management LLC’s holdings in Philip Morris International were worth $1,196,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in Philip Morris International by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after acquiring an additional 1,715 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of Philip Morris International by 12.0% in the second quarter. Prime Capital Investment Advisors LLC now owns 17,946 shares of the company’s stock worth $1,818,000 after purchasing an additional 1,919 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Philip Morris International by 79.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,878,158 shares of the company’s stock valued at $595,634,000 after purchasing an additional 2,599,684 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Philip Morris International by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,126,834 shares of the company’s stock valued at $316,849,000 after buying an additional 274,872 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Philip Morris International by 18.3% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,281 shares of the company’s stock worth $1,447,000 after buying an additional 2,205 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

Shares of PM stock opened at $118.41 on Wednesday. The company has a market cap of $184.11 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The firm has a fifty day moving average price of $125.80 and a 200-day moving average price of $121.07.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Philip Morris International’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. Equities 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. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

Analysts Set New Price Targets

PM has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. UBS Group boosted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Citigroup raised 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. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.39.

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.