Mount Yale Investment Advisors LLC Has $2.17 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Mount Yale Investment Advisors LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,877 shares of the company’s stock after selling 3,127 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Philip Morris International were worth $2,170,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PM. Dakota Wealth Management boosted its position in Philip Morris International by 10.2% during the 3rd quarter. Dakota Wealth Management now owns 23,282 shares of the company’s stock worth $2,827,000 after acquiring an additional 2,149 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Philip Morris International by 0.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 251,741 shares of the company’s stock worth $30,561,000 after buying an additional 1,026 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Philip Morris International by 16.2% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 638 shares of the company’s stock valued at $77,000 after acquiring an additional 89 shares in the last quarter. American Institute for Advanced Investment Management LLP acquired a new position in shares of Philip Morris International during the 3rd quarter worth approximately $213,000. Finally, Moody Aldrich Partners LLC raised its stake in shares of Philip Morris International by 18.9% during the 3rd quarter. Moody Aldrich Partners LLC now owns 3,225 shares of the company’s stock worth $392,000 after purchasing an additional 513 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of Philip Morris International 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 transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 1.1 %

Shares of NYSE:PM opened at $132.79 on Friday. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $132.90. The company’s 50 day moving average price is $121.97 and its two-hundred day moving average price is $109.28. The firm has a market cap of $206.43 billion, a PE ratio of 25.94, a PEG ratio of 2.35 and a beta of 0.55.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.07%. This is an increase 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 is presently 105.47%.

Analysts Set New Price Targets

PM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Bank of America upped their price objective on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday. Finally, Citigroup increased their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.85.

Philip Morris International Company 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.