RWA Wealth Partners LLC Acquires 291 Shares of Philip Morris International Inc. (NYSE:PM)

RWA Wealth Partners LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,172 shares of the company’s stock after purchasing an additional 291 shares during the period. RWA Wealth Partners LLC’s holdings in Philip Morris International were worth $1,345,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in PM. NewSquare Capital LLC increased its holdings in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the last quarter. Dunhill Financial LLC boosted 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 worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth about $33,000. Knuff & Co LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at approximately $37,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PM shares. UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Trading Up 2.4 %

PM stock opened at $158.85 on Tuesday. The company’s 50 day moving average is $146.57 and its 200 day moving average is $132.43. The stock has a market cap of $246.99 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.87.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.40%. Philip Morris International’s payout ratio is 119.73%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the company’s 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 transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

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.