Callan Family Office LLC Increases Position in Philip Morris International Inc. (NYSE:PM)

Callan Family Office LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 545.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,163 shares of the company’s stock after buying an additional 25,492 shares during the period. Callan Family Office LLC’s holdings in Philip Morris International were worth $3,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its position in Philip Morris International by 3.2% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after buying an additional 78 shares during the period. Intergy Private Wealth LLC grew its stake in shares of Philip Morris International by 4.3% in the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after acquiring an additional 80 shares in the last quarter. BKM Wealth Management LLC increased its position in shares of Philip Morris International by 3.4% during the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after acquiring an additional 81 shares during the period. Finally, Detalus Advisors LLC raised its stake in shares of Philip Morris International by 2.6% in the fourth quarter. Detalus Advisors LLC now owns 3,231 shares of the company’s stock valued at $389,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PM shares. Stifel Nicolaus boosted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Finally, Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $144.56.

Insider Buying and Selling at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This represents a 19.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,143 shares of company stock valued at $19,092,846 in the last ninety days. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM opened at $153.78 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The stock has a fifty day moving average price of $135.47 and a two-hundred day moving average price of $128.78. The stock has a market capitalization of $239.10 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

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.