Philip Morris International Inc. (NYSE:PM) Shares Sold by Childress Capital Advisors LLC

Childress Capital Advisors LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,706 shares of the company’s stock after selling 151 shares during the quarter. Childress Capital Advisors LLC’s holdings in Philip Morris International were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nicholas Hoffman & Company LLC. lifted its stake in shares of Philip Morris International by 2.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 16,947 shares of the company’s stock worth $2,057,000 after purchasing an additional 325 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Philip Morris International by 1.6% during the 3rd quarter. Fidelis Capital Partners LLC now owns 9,199 shares of the company’s stock valued at $1,209,000 after buying an additional 144 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Philip Morris International by 7.5% during the 3rd quarter. Valmark Advisers Inc. now owns 3,782 shares of the company’s stock valued at $459,000 after buying an additional 265 shares during the period. Tyche Wealth Partners LLC boosted its holdings in Philip Morris International by 0.8% in the 3rd quarter. Tyche Wealth Partners LLC now owns 17,053 shares of the company’s stock worth $2,070,000 after acquiring an additional 141 shares during the period. Finally, Fortitude Family Office LLC grew its position in Philip Morris International by 546.2% in the third quarter. Fortitude Family Office LLC now owns 2,055 shares of the company’s stock valued at $249,000 after acquiring an additional 1,737 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.8 %

Shares of NYSE PM opened at $131.57 on Wednesday. The company has a market capitalization of $204.56 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.57 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $133.27. The business has a 50 day simple moving average of $122.99 and a 200-day simple moving average of $110.58.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 12.10% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

Philip Morris International Increases Dividend

The business 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 an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s payout ratio is presently 85.71%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Bank of America boosted their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One research 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’s stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $126.85.

Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred 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 sale, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $9,877,305.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,418 shares of company stock worth $15,247,052. 0.14% of the stock is currently owned by company insiders.

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.