Total Wealth Planning & Management Inc. Acquires New Position in Philip Morris International Inc. (NYSE:PM)

Total Wealth Planning & Management Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,237 shares of the company's stock, valued at approximately $269,000.

Other large investors have also added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Philip Morris International by 23.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock valued at $6,828,000 after buying an additional 10,703 shares during the period. Empire Life Investments Inc. lifted its position in Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock valued at $11,364,000 after buying an additional 9,789 shares during the period. Game Plan Financial Advisors LLC lifted its position in Philip Morris International by 80.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock valued at $922,000 after buying an additional 3,425 shares during the period. Brighton Jones LLC lifted 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 valued at $1,027,000 after buying an additional 2,023 shares during the period. Finally, Symmetry Investments LP purchased a new position in Philip Morris International during the fourth quarter valued at $1,966,000. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on PM. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus lifted their price target 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. Finally, Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $169.20.

Philip Morris International Trading Up 1.6%

NYSE:PM traded up $2.87 during mid-day trading on Friday, reaching $180.74. The company's stock had a trading volume of 8,505,072 shares, compared to its average volume of 5,634,405. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $181.36. The firm's fifty day moving average price is $165.26 and its two-hundred day moving average price is $145.62. The stock has a market cap of $281.32 billion, a P/E ratio of 40.08, 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 for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. Philip Morris International's revenue was up 5.8% on a year-over-year basis. Analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid 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 2.99%. Philip Morris International's dividend payout ratio is currently 111.34%.

Insider Buying and Selling 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 stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares in the company, 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 through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.