Woodmont Investment Counsel LLC Has $662,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Woodmont Investment Counsel LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,452 shares of the company’s stock after buying an additional 86 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Philip Morris International were worth $662,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Advisory Alpha LLC lifted its stake in shares of Philip Morris International by 48.9% in the 1st quarter. Advisory Alpha LLC now owns 3,667 shares of the company’s stock valued at $336,000 after acquiring an additional 1,204 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Philip Morris International by 168.4% during the first quarter. Empowered Funds LLC now owns 78,928 shares of the company’s stock valued at $7,231,000 after purchasing an additional 49,520 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Philip Morris International during the first quarter worth about $310,000. Oppenheimer & Co. Inc. increased its stake in shares of Philip Morris International by 6.6% in the first quarter. Oppenheimer & Co. Inc. now owns 75,137 shares of the company’s stock valued at $6,884,000 after buying an additional 4,625 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new position in Philip Morris International in the 1st quarter valued at approximately $825,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 1.2 %

PM stock opened at $123.78 on Friday. The firm has a market cap of $192.46 billion, a PE ratio of 19.65, a P/E/G ratio of 2.28 and a beta of 0.54. The business has a 50 day moving average of $124.13 and a 200-day moving average of $112.11. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $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 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 represents a $5.40 dividend on an annualized basis and a yield of 4.36%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. Philip Morris International’s payout ratio is presently 85.71%.

Insider Activity

In related news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction that occurred 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on PM shares. Bank of America upped their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research 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. Deutsche Bank Aktiengesellschaft lifted their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Barclays increased their price target on Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.85.

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.