Philip Morris International Inc. (NYSE:PM) Shares Acquired by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC boosted its position in Philip Morris International Inc. (NYSE:PM) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,457 shares of the company’s stock after purchasing an additional 486 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Philip Morris International were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PM. First Hawaiian Bank raised its stake in Philip Morris International by 1.9% in the 1st quarter. First Hawaiian Bank now owns 17,635 shares of the company’s stock valued at $1,616,000 after purchasing an additional 336 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Philip Morris International by 2.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 38,783 shares of the company’s stock valued at $3,553,000 after purchasing an additional 829 shares during the last quarter. Signal Advisors Wealth LLC raised its stake in Philip Morris International by 137.7% in the 1st quarter. Signal Advisors Wealth LLC now owns 5,125 shares of the company’s stock valued at $470,000 after purchasing an additional 2,969 shares during the last quarter. American National Bank raised its stake in Philip Morris International by 18.3% in the 1st quarter. American National Bank now owns 2,053 shares of the company’s stock valued at $188,000 after purchasing an additional 317 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Philip Morris International by 6.4% in the 1st quarter. Park Avenue Securities LLC now owns 98,626 shares of the company’s stock valued at $9,036,000 after buying an additional 5,946 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.4 %

NYSE PM opened at $120.86 on Thursday. The stock has a market cap of $187.88 billion, a PE ratio of 23.61, a P/E/G ratio of 2.35 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $128.22. The business has a 50 day moving average price of $121.19 and a two-hundred day moving average price of $108.10.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. Philip Morris International’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 EPS. Sell-side analysts anticipate that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.47%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. Philip Morris International’s dividend payout ratio is presently 105.47%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PM. The Goldman Sachs Group lifted their price target on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Stifel Nicolaus boosted their target price on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Barclays boosted their target price on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.95.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 in the company, valued at approximately $9,877,305.15. This represents 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.

About Philip Morris International

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.