Livelsberger Financial Advisory Buys Shares of 572 Philip Morris International Inc. (NYSE:PM)

Livelsberger Financial Advisory bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 3rd quarter, Holdings Channel reports. The fund bought 572 shares of the company’s stock, valued at approximately $69,000. Philip Morris International makes up 1.4% of Livelsberger Financial Advisory’s holdings, making the stock its 19th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. RFG Advisory LLC raised its position in shares of Philip Morris International by 3.1% during the first quarter. RFG Advisory LLC now owns 14,080 shares of the company’s stock worth $1,290,000 after purchasing an additional 421 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Philip Morris International by 5.1% during the first quarter. Gulf International Bank UK Ltd now owns 10,001 shares of the company’s stock worth $916,000 after purchasing an additional 489 shares during the period. &PARTNERS raised its position in shares of Philip Morris International by 86.4% during the first quarter. &PARTNERS now owns 5,792 shares of the company’s stock worth $515,000 after purchasing an additional 2,684 shares during the period. Ballentine Partners LLC raised its position in shares of Philip Morris International by 49.8% during the first quarter. Ballentine Partners LLC now owns 12,427 shares of the company’s stock worth $1,139,000 after purchasing an additional 4,133 shares during the period. Finally, Southland Equity Partners LLC acquired a new stake in shares of Philip Morris International during the first quarter worth about $272,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PM shares. Citigroup raised their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Bank of America increased their price objective on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. The Goldman Sachs Group increased their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Barclays increased their price objective on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $123.95.

Philip Morris International Price Performance

PM stock traded down $0.85 during mid-day trading on Monday, reaching $119.36. The company had a trading volume of 1,449,209 shares, compared to its average volume of 5,302,102. The stock has a 50 day simple moving average of $121.35 and a two-hundred day simple moving average of $108.62. The company has a market capitalization of $185.55 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.35 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $128.22.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the previous year, the company posted $1.60 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were paid a dividend of $1.35 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Thursday, September 26th. Philip Morris International’s payout ratio is currently 105.47%.

Insider Transactions at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.