Buckley Wealth Management LLC Raises Holdings in Philip Morris International Inc. (NYSE:PM)

Buckley Wealth Management LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,059 shares of the company’s stock after acquiring an additional 335 shares during the quarter. Buckley Wealth Management LLC’s holdings in Philip Morris International were worth $614,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PM. Longview Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the 3rd quarter worth about $221,000. Essex LLC purchased a new position in Philip Morris International during the third quarter worth approximately $202,000. Atlas Wealth Partners LLC acquired a new stake in Philip Morris International in the third quarter valued at approximately $264,000. Cyndeo Wealth Partners LLC increased its position in shares of Philip Morris International by 23.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 6,747 shares of the company’s stock valued at $819,000 after buying an additional 1,263 shares in the last quarter. Finally, New Century Financial Group LLC raised its stake in shares of Philip Morris International by 7.3% during the 3rd quarter. New Century Financial Group LLC now owns 10,414 shares of the company’s stock worth $1,264,000 after buying an additional 705 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’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 sale, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 85,629 shares of the company’s stock, 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 owned by insiders.

Philip Morris International Trading Up 0.1 %

NYSE PM traded up $0.07 on Friday, reaching $120.21. 4,046,070 shares of the company were exchanged, compared to its average volume of 5,321,175. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $128.22. The stock has a market capitalization of $186.87 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. The business’s fifty day moving average price is $121.35 and its 200 day moving average price is $108.50.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. Philip Morris International’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Equities research analysts forecast that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.49%. 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%.

Analysts Set New Price Targets

PM has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Bank of America lifted 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. Barclays increased their target price on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.95.

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.