Philip Morris International Inc. (NYSE:PM) Shares Sold by ERn Financial LLC

ERn Financial LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,266 shares of the company’s stock after selling 118 shares during the quarter. ERn Financial LLC’s holdings in Philip Morris International were worth $518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth $5,634,000. Axxcess Wealth Management LLC raised its stake in Philip Morris International by 25.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock valued at $3,151,000 after purchasing an additional 6,974 shares during the last quarter. Duality Advisers LP raised its stake in Philip Morris International by 165.6% in the 1st quarter. Duality Advisers LP now owns 38,644 shares of the company’s stock valued at $3,541,000 after purchasing an additional 24,093 shares during the last quarter. Farmers Trust Co. raised its stake in Philip Morris International by 425.3% in the 1st quarter. Farmers Trust Co. now owns 33,187 shares of the company’s stock valued at $3,041,000 after purchasing an additional 26,869 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in Philip Morris International by 11.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 90,111 shares of the company’s stock valued at $8,465,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’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 completion of the transaction, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’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 completion of the transaction, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of several analyst reports. Barclays boosted their target price on shares of Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Citigroup boosted their target price 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 objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, UBS Group dropped their price objective on shares of Philip Morris International from $105.00 to $103.00 and set a “sell” rating for the company in a research note on Tuesday. One equities 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. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $123.95.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $120.42 on Wednesday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $128.22. The stock has a market capitalization of $187.20 billion, a P/E ratio of 23.52, a PEG ratio of 2.35 and a beta of 0.55. The stock has a 50-day simple moving average of $121.09 and a 200-day simple moving average of $108.01.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts predict that Philip Morris International Inc. will post 6.45 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. Stockholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s payout ratio is presently 105.47%.

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.