Ardent Capital Management Inc. Has $3.06 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Ardent Capital Management Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,434 shares of the company’s stock after acquiring an additional 1,109 shares during the quarter. Philip Morris International accounts for about 1.4% of Ardent Capital Management Inc.’s investment portfolio, making the stock its 11th largest holding. Ardent Capital Management Inc.’s holdings in Philip Morris International were worth $3,061,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PM. Valley Wealth Managers Inc. raised its stake in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC raised its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth about $33,000. Concord Wealth Partners raised its stake in shares of Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth about $37,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent research reports. Barclays cut their price target on 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. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Stock Up 1.3 %

Shares of NYSE PM opened at $151.68 on Friday. The business’s 50 day moving average is $129.26 and its two-hundred day moving average is $126.08. The company has a market cap of $235.84 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.62 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $152.53.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Sell-side analysts expect that Philip Morris International Inc. will post 7.13 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.