Wilkins Miller Wealth Management LLC Invests $238,000 in Philip Morris International Inc. (NYSE:PM)

Wilkins Miller Wealth Management LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,979 shares of the company's stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after buying an additional 1,167,810 shares in the last quarter. Capital World Investors increased its holdings in Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. GQG Partners LLC increased its holdings in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC increased its holdings in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Philip Morris International by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after purchasing an additional 516,617 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

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 directly owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

Philip Morris International Price Performance

Shares of NYSE:PM traded down $0.46 on Wednesday, reaching $178.77. The company's stock had a trading volume of 3,284,260 shares, compared to its average volume of 5,610,835. The stock's 50-day moving average is $163.62 and its two-hundred day moving average is $144.64. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $179.83. The stock has a market capitalization of $278.26 billion, a P/E ratio of 39.64, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating 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 business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast 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. Stockholders 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 3.02%. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Analysts Set New Price Targets

PM has been the subject of several research reports. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Barclays boosted their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. 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. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.