Seven Mile Advisory Increases Holdings in Philip Morris International Inc. (NYSE:PM)

Seven Mile Advisory increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,667 shares of the company’s stock after purchasing an additional 153 shares during the quarter. Seven Mile Advisory’s holdings in Philip Morris International were worth $321,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. Dunhill Financial LLC boosted its holdings in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the 4th quarter worth about $33,000. Knuff & Co LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $36,000. Finally, Sierra Ocean LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now owns 106,244 shares in the company, valued at $15,795,295.48. This represents a 8.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

Shares of PM opened at $155.17 on Monday. The stock has a 50 day moving average price of $145.83 and a 200 day moving average price of $132.19. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51. The stock has a market capitalization of $241.27 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. On average, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PM. Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Barclays raised their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. 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 stock. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

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.