Philip Morris International Inc. (NYSE:PM) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,297 shares of the company’s stock after selling 552 shares during the period. Nicolet Advisory Services LLC’s holdings in Philip Morris International were worth $1,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PM. Beaird Harris Wealth Management LLC lifted its position in shares of Philip Morris International by 322.7% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 596 shares of the company’s stock valued at $55,000 after acquiring an additional 455 shares in the last quarter. Mount Yale Investment Advisors LLC increased its stake in Philip Morris International by 35.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 22,189 shares of the company’s stock valued at $2,033,000 after buying an additional 5,856 shares during the period. Ascent Group LLC boosted its position in Philip Morris International by 41.7% during the first quarter. Ascent Group LLC now owns 45,243 shares of the company’s stock valued at $4,145,000 after purchasing an additional 13,318 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in Philip Morris International by 4.1% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 58,070 shares of the company’s stock worth $5,320,000 after purchasing an additional 2,303 shares during the last quarter. Finally, Kinloch Capital LLC raised its stake in shares of Philip Morris International by 22.7% during the 1st quarter. Kinloch Capital LLC now owns 25,160 shares of the company’s stock worth $2,305,000 after purchasing an additional 4,657 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PM. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America raised their target price on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $131.50.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was 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 approximately $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

PM opened at $129.99 on Friday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The firm has a market cap of $202.11 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.30 and a beta of 0.54. The firm’s 50-day simple moving average is $124.77 and its 200-day simple moving average is $114.62.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.15%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

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.