20,277 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of 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 firm bought 20,277 shares of the company's stock, valued at approximately $2,440,000.

Several other large investors have also modified their holdings of the stock. Capital & Planning LLC lifted its holdings in Philip Morris International by 7.1% in the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock worth $318,000 after acquiring an additional 173 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Philip Morris International by 68.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 26,971 shares of the company's stock valued at $3,246,000 after purchasing an additional 10,969 shares during the period. Dakota Wealth Management increased its stake in shares of Philip Morris International by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,454 shares of the company's stock valued at $2,823,000 after purchasing an additional 172 shares during the period. Advisory Alpha LLC increased its stake in shares of Philip Morris International by 6.6% in the fourth quarter. Advisory Alpha LLC now owns 4,658 shares of the company's stock valued at $561,000 after purchasing an additional 289 shares during the period. Finally, Albion Financial Group UT acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $117,000. Institutional investors own 78.63% of the company's stock.

Insider Activity

In other 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 transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Philip Morris International Price Performance

Philip Morris International stock traded up $1.04 during midday trading on Tuesday, reaching $179.23. The stock had a trading volume of 5,846,683 shares, compared to its average volume of 5,611,923. The firm's fifty day simple moving average is $163.08 and its two-hundred day simple moving average is $144.39. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $179.79. The firm has a market cap of $278.97 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 2.65 and a beta of 0.50.

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, beating analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS 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. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.01%. Philip Morris International's dividend payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PM shares. Citigroup raised their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised their price objective 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 upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Barclays raised their price objective 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, Needham & Company LLC assumed coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $169.20.

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.