Baxter Bros Inc. Buys 136 Shares of Philip Morris International Inc. (NYSE:PM)

Baxter Bros Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,677 shares of the company’s stock after purchasing an additional 136 shares during the period. Baxter Bros Inc.’s holdings in Philip Morris International were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. grew its holdings in shares of Philip Morris International by 34.2% in the third quarter. Great Valley Advisor Group Inc. now owns 19,454 shares of the company’s stock worth $2,362,000 after acquiring an additional 4,958 shares during the period. Kingsview Wealth Management LLC increased its position in shares of Philip Morris International by 17.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 18,808 shares of the company’s stock valued at $2,283,000 after purchasing an additional 2,747 shares during the last quarter. Algert Global LLC bought a new position in shares of Philip Morris International in the 3rd quarter worth approximately $5,464,000. Larson Financial Group LLC boosted its holdings in shares of Philip Morris International by 227.0% in the third quarter. Larson Financial Group LLC now owns 9,100 shares of the company’s stock worth $1,105,000 after buying an additional 6,317 shares during the last quarter. Finally, Cahill Financial Advisors Inc. grew its position in Philip Morris International by 32.9% during the third quarter. Cahill Financial Advisors Inc. now owns 3,048 shares of the company’s stock valued at $370,000 after buying an additional 754 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Stifel Nicolaus increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Trading Up 0.1 %

Shares of PM stock opened at $151.66 on Tuesday. The stock has a market capitalization of $235.81 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The stock’s 50-day moving average price is $143.06 and its 200-day moving average price is $131.40.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.56%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

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.