CreativeOne Wealth LLC Acquires 7,164 Shares of Philip Morris International Inc. (NYSE:PM)

CreativeOne Wealth LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 33.0% in the 3rd quarter, Holdings Channel reports. The fund owned 28,881 shares of the company’s stock after buying an additional 7,164 shares during the quarter. CreativeOne Wealth LLC’s holdings in Philip Morris International were worth $3,506,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hancock Whitney Corp grew its position in Philip Morris International by 9.0% during the 1st quarter. Hancock Whitney Corp now owns 6,374 shares of the company’s stock worth $584,000 after acquiring an additional 525 shares during the last quarter. Community Trust & Investment Co. increased its position in Philip Morris International by 26.9% during the first quarter. Community Trust & Investment Co. now owns 37,508 shares of the company’s stock valued at $3,436,000 after acquiring an additional 7,960 shares during the last quarter. Cetera Investment Advisers increased its position in Philip Morris International by 317.0% during the first quarter. Cetera Investment Advisers now owns 481,323 shares of the company’s stock valued at $44,099,000 after acquiring an additional 365,896 shares during the last quarter. Cetera Advisors LLC increased its position in Philip Morris International by 38.2% during the first quarter. Cetera Advisors LLC now owns 174,481 shares of the company’s stock valued at $15,986,000 after acquiring an additional 48,249 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in Philip Morris International by 1.8% during the first quarter. Cetera Advisor Networks LLC now owns 233,398 shares of the company’s stock valued at $21,384,000 after purchasing an additional 4,134 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated 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 owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 0.3 %

Shares of NYSE:PM opened at $131.82 on Thursday. The company has a market cap of $204.96 billion, a P/E ratio of 20.92, a PEG ratio of 2.29 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The company has a 50-day moving average price of $125.26 and a 200 day moving average price of $115.42.

Philip Morris International (NYSE:PM) last posted its quarterly 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. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the firm earned $1.67 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Philip Morris International Inc. will post 6.51 EPS 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. This represents a $5.40 annualized dividend 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%.

Analyst Ratings Changes

Several analysts have issued reports on PM shares. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. UBS Group boosted their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Barclays upped their price objective on Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Citigroup increased their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

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.