HB Wealth Management LLC Has $7.90 Million Position in Philip Morris International Inc. (NYSE:PM)

HB Wealth Management LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,613 shares of the company’s stock after buying an additional 11,846 shares during the period. HB Wealth Management LLC’s holdings in Philip Morris International were worth $7,896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. Westend Capital Management LLC boosted its holdings in Philip Morris International by 14.1% in the fourth quarter. Westend Capital Management LLC now owns 1,369 shares of the company’s stock valued at $165,000 after acquiring an additional 169 shares during the last quarter. Sanibel Captiva Trust Company Inc. lifted its position in shares of Philip Morris International by 8.1% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 24,458 shares of the company’s stock worth $2,944,000 after purchasing an additional 1,838 shares during the period. Verity & Verity LLC boosted its stake in shares of Philip Morris International by 72.9% in the 4th quarter. Verity & Verity LLC now owns 29,003 shares of the company’s stock valued at $3,491,000 after purchasing an additional 12,228 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in shares of Philip Morris International by 3.5% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,859 shares of the company’s stock valued at $1,066,000 after purchasing an additional 302 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM opened at $121.88 on Friday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm has a market capitalization of $189.51 billion, a PE ratio of 19.35, a P/E/G ratio of 1.86 and a beta of 0.54. The company’s 50-day moving average is $125.50 and its 200 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 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. As a group, analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.43%. Philip Morris International’s payout ratio is 85.71%.

Insider Activity

In other news, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction on 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 in the company, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PM shares. UBS Group upped their price target 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. Deutsche Bank Aktiengesellschaft upped their target price on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note 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 stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Company 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.