Cetera Investment Advisers Has $64.46 Million Stake in Philip Morris International Inc. (NYSE:PM)

Cetera Investment Advisers lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 535,634 shares of the company's stock after purchasing an additional 21,434 shares during the period. Cetera Investment Advisers' holdings in Philip Morris International were worth $64,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $33,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $36,000. Sierra Ocean LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth approximately $37,000. Finally, Transce3nd LLC acquired a new position in Philip Morris International in the fourth quarter valued at approximately $41,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE:PM traded down $2.39 during trading hours on Friday, reaching $169.61. 4,733,416 shares of the stock were exchanged, compared to its average volume of 5,565,801. The stock has a market cap of $264.00 billion, a PE ratio of 37.61, a PEG ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $176.49. The firm has a 50 day moving average of $158.92 and a 200 day moving average of $141.05.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.18%. Philip Morris International's dividend payout ratio is presently 111.34%.

Analyst Upgrades and Downgrades

PM has been the subject of several recent research reports. Morgan Stanley reiterated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Barclays upped their price target on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, StockNews.com raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $166.33.

Insider Activity at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the business'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 transaction, the senior vice president now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by corporate insiders.

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.