Philip Morris International Inc. (NYSE:PM) Shares Acquired by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 50.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,180 shares of the company’s stock after purchasing an additional 1,060 shares during the period. Long Run Wealth Advisors LLC’s holdings in Philip Morris International were worth $386,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its holdings in shares of Philip Morris International by 4.8% in the first quarter. Nordea Investment Management AB now owns 76,889 shares of the company’s stock valued at $7,061,000 after purchasing an additional 3,525 shares in the last quarter. Catalina Capital Group LLC purchased a new position in Philip Morris International in the first quarter valued at about $355,000. Richardson Financial Services Inc. lifted its position in Philip Morris International by 8.6% during the 1st quarter. Richardson Financial Services Inc. now owns 2,504 shares of the company’s stock worth $230,000 after acquiring an additional 198 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Philip Morris International by 16.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 13,926 shares of the company’s stock valued at $1,276,000 after purchasing an additional 1,966 shares in the last quarter. Finally, Advisors Capital Management LLC increased its position in shares of Philip Morris International by 7.7% during the first quarter. Advisors Capital Management LLC now owns 639,689 shares of the company’s stock worth $58,608,000 after acquiring an additional 45,805 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Bank of America lifted their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. 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. Finally, Barclays lifted their price objective on shares of Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.85.

Philip Morris International Price Performance

NYSE:PM opened at $132.19 on Wednesday. The business’s 50-day simple moving average is $124.07 and its 200-day simple moving average is $112.02. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The stock has a market capitalization of $205.53 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.28 and a beta of 0.54.

Philip Morris International (NYSE:PM) last released its 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 firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. On average, research analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a $1.35 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. This represents a $5.40 annualized dividend and a yield of 4.09%. Philip Morris International’s payout ratio is presently 85.71%.

Insiders Place Their Bets

In other news, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the sale, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,038,150.00. Following the completion of 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. Insiders sold a total of 118,418 shares of company stock valued at $15,247,052 in the last quarter. 0.14% of the stock is currently owned by insiders.

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.