Philip Morris International Inc. (NYSE:PM) is Fiduciary Family Office LLC’s 10th Largest Position

Fiduciary Family Office LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,078 shares of the company’s stock after selling 409 shares during the period. Philip Morris International makes up 1.1% of Fiduciary Family Office LLC’s investment portfolio, making the stock its 10th largest holding. Fiduciary Family Office LLC’s holdings in Philip Morris International were worth $3,409,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hanlon Investment Management Inc. lifted its stake in shares of Philip Morris International by 128.9% during the third quarter. Hanlon Investment Management Inc. now owns 5,854 shares of the company’s stock valued at $711,000 after buying an additional 3,296 shares during the period. Pittenger & Anderson Inc. raised its holdings in Philip Morris International by 51.9% in the third quarter. Pittenger & Anderson Inc. now owns 10,250 shares of the company’s stock valued at $1,244,000 after buying an additional 3,500 shares during the period. Clarity Financial LLC lifted its holdings in shares of Philip Morris International by 36.3% during the 3rd quarter. Clarity Financial LLC now owns 3,110 shares of the company’s stock valued at $378,000 after acquiring an additional 829 shares in the last quarter. United Advisor Group LLC boosted its position in shares of Philip Morris International by 9.9% in the third quarter. United Advisor Group LLC now owns 11,413 shares of the company’s stock worth $1,386,000 after buying an additional 1,024 shares during the period. Finally, ASB Consultores LLC boosted its holdings in Philip Morris International by 46.8% in the 3rd quarter. ASB Consultores LLC now owns 7,780 shares of the company’s stock worth $944,000 after acquiring an additional 2,481 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction on 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 transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the business’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 directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the sale, 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 sold 118,418 shares of company stock worth $15,247,052 over the last ninety days. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays increased their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of 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 upped their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.85.

Philip Morris International Stock Up 1.2 %

Shares of NYSE:PM traded up $1.60 during trading on Tuesday, reaching $131.93. 358,931 shares of the company traded hands, compared to its average volume of 5,337,996. The firm has a market capitalization of $205.13 billion, a PE ratio of 20.69, a PEG ratio of 2.28 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’s 50 day moving average is $123.88 and its two-hundred day moving average is $111.75.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.67 earnings per share. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders 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. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.09%. Philip Morris International’s dividend payout ratio is presently 85.71%.

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.