Philip Morris International Inc. (NYSE:PM) is Oak Thistle LLC’s 10th Largest Position

Oak Thistle LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 99.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,254 shares of the company’s stock after acquiring an additional 11,093 shares during the quarter. Philip Morris International makes up about 0.8% of Oak Thistle LLC’s investment portfolio, making the stock its 10th largest position. Oak Thistle LLC’s holdings in Philip Morris International were worth $2,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R.H. Investment Group LLC purchased a new position in Philip Morris International during the fourth quarter worth about $5,355,000. Pines Wealth Management LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at approximately $493,000. SeaCrest Wealth Management LLC lifted its holdings in Philip Morris International by 0.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 22,586 shares of the company’s stock valued at $2,718,000 after acquiring an additional 137 shares during the last quarter. Accurate Wealth Management LLC lifted its holdings in Philip Morris International by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 10,181 shares of the company’s stock valued at $1,196,000 after acquiring an additional 399 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its position in Philip Morris International by 3.6% in the fourth quarter. Sovereign Financial Group Inc. now owns 3,201 shares of the company’s stock worth $385,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE PM opened at $118.41 on Wednesday. The firm 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. The firm has a 50 day simple moving average of $125.80 and a 200-day simple moving average of $121.07. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter last year, the company posted $1.67 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.56%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Insider Buying and Selling at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction 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 completion of 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. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group upped their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Citigroup increased their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.39.

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.