Anchor Pointe Wealth Management LLC Buys Shares of 2,025 Philip Morris International Inc. (NYSE:PM)

Anchor Pointe Wealth Management LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,025 shares of the company's stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% during the fourth 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. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter worth approximately $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International in the fourth quarter worth approximately $36,000. Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International in the fourth quarter worth approximately $36,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock traded up $2.87 during trading hours on Friday, hitting $180.74. The company had a trading volume of 8,505,072 shares, compared to its average volume of 5,634,442. The firm 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 12 month low of $98.93 and a 12 month high of $181.29. The firm's fifty day moving average is $164.70 and its 200 day moving average is $145.23.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly 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. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $1.50 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business 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. This represents a $5.40 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is presently 111.34%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and increased their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Needham & Company LLC assumed coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $169.20.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. The trade was a 12.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company's stock.

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.