Campbell Deegan Wealth Management LLC Takes $979,000 Position in Philip Morris International Inc. (NYSE:PM)

Campbell Deegan Wealth Management LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,138 shares of the company's stock, valued at approximately $979,000. Philip Morris International makes up 1.2% of Campbell Deegan Wealth Management LLC's holdings, making the stock its 10th biggest position.

Several other large investors have also bought and sold shares of PM. NewSquare Capital LLC boosted its position in shares of 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 period. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Knuff & Co LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $36,000. Ball & Co Wealth Management Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. acquired a new stake in Philip Morris International during the 4th quarter worth about $36,000. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Barclays raised their price objective on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Needham & Company LLC initiated coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $169.20.

Philip Morris International Price Performance

Shares of NYSE PM traded up $2.87 during trading hours on Friday, hitting $180.74. 8,505,072 shares of the stock were exchanged, compared to its average volume of 5,634,442. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $181.29. The company's 50 day moving average is $164.70 and its 200 day moving average is $145.23. The firm has a market capitalization of $281.32 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.65 and a beta of 0.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion during 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 quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. Research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Insider Activity

In other news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

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.