Focus Partners Advisor Solutions LLC Acquires 1,901 Shares of Philip Morris International Inc. (NYSE:PM)

Focus Partners Advisor Solutions LLC increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,327 shares of the company's stock after purchasing an additional 1,901 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Philip Morris International were worth $3,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. Capital & Planning LLC boosted its stake in shares of Philip Morris International by 7.1% in the 4th quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after purchasing an additional 173 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Philip Morris International by 11.1% in the fourth quarter. Ballentine Partners LLC now owns 17,068 shares of the company's stock valued at $2,054,000 after buying an additional 1,702 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in 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 buying an additional 10,969 shares during the period. Chesley Taft & Associates LLC boosted its position in Philip Morris International by 79.1% during the fourth quarter. Chesley Taft & Associates LLC now owns 6,430 shares of the company's stock valued at $774,000 after acquiring an additional 2,839 shares during the last quarter. Finally, Transform Wealth LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $304,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the 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 in the company, valued at $4,103,610.88. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Down 0.1%

PM traded down $0.15 during trading on Tuesday, hitting $178.04. 1,323,882 shares of the company's stock were exchanged, compared to its average volume of 5,594,249. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $179.73. The stock has a market cap of $277.12 billion, a P/E ratio of 39.47, a PEG ratio of 2.65 and a beta of 0.50. The business's 50 day moving average is $163.08 and its two-hundred day moving average is $144.39.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.03%. Philip Morris International's dividend payout ratio is presently 111.34%.

Analyst Upgrades and Downgrades

PM has been the subject of several research analyst reports. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Needham & Company LLC started coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus raised their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.20.

About Philip Morris International

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.