2,950 Shares in Philip Morris International Inc. (NYSE:PM) Bought by LifeWealth Investments LLC

LifeWealth Investments LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,950 shares of the company's stock, valued at approximately $355,000.

A number of other institutional investors also recently bought and sold shares of the company. Capital & Planning LLC lifted its position in Philip Morris International by 7.1% during the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock worth $318,000 after buying an additional 173 shares during the period. Brighton Jones LLC increased its position in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of Philip Morris International by 22.1% in the 4th quarter. RFG Advisory LLC now owns 13,625 shares of the company's stock valued at $1,640,000 after purchasing an additional 2,465 shares during the last quarter. CX Institutional boosted its holdings in Philip Morris International by 12.7% in the fourth quarter. CX Institutional now owns 8,520 shares of the company's stock valued at $1,025,000 after acquiring an additional 958 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in Philip Morris International by 20.4% during the 4th quarter. DGS Capital Management LLC now owns 2,245 shares of the company's stock valued at $270,000 after purchasing an additional 380 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PM shares. Barclays raised their price objective 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. Needham & Company LLC started coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating 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 note on Tuesday, February 18th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.20.

Philip Morris International Stock Performance

Shares of PM stock traded down $1.00 during mid-day trading on Thursday, hitting $177.79. 5,727,316 shares of the stock traded hands, compared to its average volume of 5,615,883. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $179.83. The firm has a market cap of $276.73 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The company's 50-day simple moving average is $164.17 and its 200-day simple moving average is $144.87.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for 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 company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.04%. Philip Morris International's dividend payout ratio is 111.34%.

Insider Activity at Philip Morris International

In related 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 transaction of $562,739.84. Following the sale, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is 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.