NewEdge Wealth LLC Buys 559 Shares of Philip Morris International Inc. (NYSE:PM)

NewEdge Wealth LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,709 shares of the company’s stock after purchasing an additional 559 shares during the quarter. NewEdge Wealth LLC’s holdings in Philip Morris International were worth $7,186,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. increased its stake in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC increased its stake in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new stake in Philip Morris International in the 4th quarter worth $37,000. Finally, Asset Dedication LLC increased its stake in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after buying an additional 147 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PM shares. Barclays raised their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. raised their price objective 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. UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.56.

Philip Morris International Trading Down 0.5 %

PM opened at $153.95 on Friday. The firm has a market cap of $239.37 billion, a P/E ratio of 34.14, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $158.39. The stock has a 50-day moving average of $132.28 and a 200 day moving average of $127.47.

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

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is currently 119.73%.

Insiders Place Their Bets

In other news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their position. 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 over the last 90 days. Insiders own 0.14% of the company’s stock.

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.