Philip Morris International Inc. (NYSE:PM) Stock Holdings Increased by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,603 shares of the company's stock after buying an additional 1,580 shares during the quarter. WCG Wealth Advisors LLC's holdings in Philip Morris International were worth $4,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Capital & Planning LLC raised its stake 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 acquiring an additional 173 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Philip Morris International by 68.5% during 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 last quarter. Dakota Wealth Management grew its holdings in shares of Philip Morris International by 0.7% during 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 last quarter. Advisory Alpha LLC raised its position in shares of Philip Morris International by 6.6% during the 4th quarter. Advisory Alpha LLC now owns 4,658 shares of the company's stock worth $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 during the 4th quarter worth approximately $117,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $0.08 on Wednesday, hitting $179.31. The company's stock had a trading volume of 1,530,531 shares, compared to its average volume of 5,595,865. The company has a market capitalization of $279.10 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $179.83. The stock's 50-day moving average is $163.62 and its two-hundred day moving average is $144.64.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. Equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.01%. 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 business's stock in a transaction 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 sale, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. The trade was a 12.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PM shares. Citigroup boosted their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Barclays raised their target price 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. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Philip Morris International currently 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.