Centurion Wealth Management LLC Buys 75 Shares of Philip Morris International Inc. (NYSE:PM)

Centurion Wealth Management LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,229 shares of the company’s stock after acquiring an additional 75 shares during the period. Centurion Wealth Management LLC’s holdings in Philip Morris International were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Range Financial Group LLC increased its position in Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after acquiring an additional 19,127 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after purchasing an additional 16,035 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of Philip Morris International by 37.5% during the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares during the period. Swiss National Bank raised its position in shares of Philip Morris International by 0.4% in the third quarter. Swiss National Bank now owns 4,614,200 shares of the company’s stock valued at $560,164,000 after buying an additional 17,700 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock valued at $6,485,000 after buying an additional 18,183 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.85, for a total value of $4,465,500.00. Following the completion of the transaction, the chief financial officer now directly owns 139,105 shares in the company, valued at approximately $20,705,779.25. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. Barclays raised their price objective on 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 raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group increased their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Performance

Shares of PM opened at $151.95 on Monday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The stock has a market capitalization of $236.26 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.65 and a beta of 0.53. The stock has a fifty day moving average of $139.10 and a 200-day moving average of $130.19.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating 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%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) 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.