3,572 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Chancellor Financial Group WB LP

Chancellor Financial Group WB LP purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,572 shares of the company's stock, valued at approximately $430,000.

Other large investors also recently modified their holdings of the company. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Philip Morris International in the 4th quarter valued at about $36,000. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter valued at about $33,000. Knuff & Co LLC bought a new stake in Philip Morris International in the 4th quarter valued at about $36,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in Philip Morris International in the 4th quarter valued at about $36,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Barclays raised their target price on shares of 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, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.20.

Philip Morris International Price Performance

Shares of PM traded up $2.87 during mid-day trading on Friday, hitting $180.74. The company's stock had a trading volume of 8,505,072 shares, compared to its average volume of 5,634,442. The firm has a 50-day moving average price of $164.70 and a 200 day moving average price of $145.23. The stock has a market capitalization of $281.32 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $181.29.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Insider Transactions at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction that occurred 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 transaction, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This trade represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by 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.