Bogart Wealth LLC Sells 2,198 Shares of Philip Morris International Inc. (NYSE:PM)

Bogart Wealth LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 19.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,220 shares of the company’s stock after selling 2,198 shares during the period. Bogart Wealth LLC’s holdings in Philip Morris International were worth $1,119,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PM. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Philip Morris International by 16.2% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 638 shares of the company’s stock worth $77,000 after purchasing an additional 89 shares during the last quarter. American Institute for Advanced Investment Management LLP bought a new position in Philip Morris International in the third quarter worth about $213,000. Moody Aldrich Partners LLC lifted its position in shares of Philip Morris International by 18.9% during the third quarter. Moody Aldrich Partners LLC now owns 3,225 shares of the company’s stock valued at $392,000 after buying an additional 513 shares during the last quarter. Commonwealth Financial Services LLC bought a new stake in shares of Philip Morris International in the 3rd quarter valued at about $223,000. Finally, Grimes & Company Inc. grew its position in shares of Philip Morris International by 3.9% in the 3rd quarter. Grimes & Company Inc. now owns 5,221 shares of the company’s stock worth $634,000 after buying an additional 194 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.4 %

Shares of PM stock traded up $0.58 during trading hours on Thursday, hitting $131.99. The company’s stock had a trading volume of 1,949,172 shares, compared to its average volume of 5,358,379. The stock has a market cap of $205.19 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $132.87. The company has a 50 day moving average of $121.97 and a 200 day moving average of $109.28.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 earnings per share. As a group, analysts anticipate that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.09%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is 105.47%.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of the firm’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 transaction of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PM shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Barclays boosted their target price on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $126.85.

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.