Curio Wealth LLC Purchases New Shares in Philip Morris International Inc. (NYSE:PM)

Curio Wealth LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 400 shares of the company’s stock, valued at approximately $48,000.

Several other large investors have also added to or reduced their stakes in PM. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Dunhill Financial LLC lifted its position in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International during the fourth quarter valued at $33,000. Knuff & Co LLC purchased a new position in Philip Morris International during the fourth quarter valued at $36,000. Finally, Sierra Ocean LLC purchased a new position in Philip Morris International during the fourth quarter valued at $37,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Insider Buying and Selling at Philip Morris International

In related news, insider Werner Barth sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This 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 131,822 shares of company stock worth $19,655,585 in the last three months. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $155.49 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The business has a 50-day simple moving average of $139.79 and a two-hundred day simple moving average of $130.42. The firm has a market cap of $241.76 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.47%. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.