Philip Morris International Inc. (NYSE:PM) Shares Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 58.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,697 shares of the company’s stock after acquiring an additional 1,357 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Philip Morris International were worth $375,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC raised its position in shares of Philip Morris International by 0.7% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 12,888 shares of the company’s stock valued at $1,306,000 after purchasing an additional 88 shares during the last quarter. Dearborn Partners LLC raised its holdings in shares of Philip Morris International by 3.2% in the second quarter. Dearborn Partners LLC now owns 2,867 shares of the company’s stock worth $291,000 after buying an additional 89 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Philip Morris International by 1.5% during the second quarter. LRI Investments LLC now owns 6,287 shares of the company’s stock worth $637,000 after buying an additional 92 shares during the period. Cahill Financial Advisors Inc. grew its holdings in shares of Philip Morris International by 4.5% during the second quarter. Cahill Financial Advisors Inc. now owns 2,294 shares of the company’s stock valued at $232,000 after buying an additional 99 shares during the last quarter. Finally, Bar Harbor Wealth Management increased its position in shares of Philip Morris International by 2.6% in the 2nd quarter. Bar Harbor Wealth Management now owns 3,919 shares of the company’s stock valued at $397,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction that occurred on 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. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Bank of America raised their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. UBS Group upped their price objective on shares of Philip Morris International from $95.00 to $105.00 and gave the company a “sell” rating in a report on Monday. Finally, Barclays increased their price objective on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $117.05.

Philip Morris International Trading Down 0.5 %

Shares of PM stock opened at $126.75 on Wednesday. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $128.22. The business’s 50 day moving average is $114.90 and its two-hundred day moving average is $102.90. The company has a market capitalization of $197.04 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.45 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. On average, research analysts predict that Philip Morris International Inc. will post 6.47 earnings per share for the current fiscal year.

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.