Philip Morris International Inc. (NYSE:PM) Stock Holdings Lifted by Captrust Financial Advisors

Captrust Financial Advisors raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,344 shares of the company's stock after purchasing an additional 10,154 shares during the period. Captrust Financial Advisors' holdings in Philip Morris International were worth $22,306,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC lifted its position in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the 4th quarter worth approximately $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International in the 4th quarter worth approximately $36,000. Sierra Ocean LLC bought a new stake in Philip Morris International during the fourth quarter worth approximately $37,000. Finally, Transce3nd LLC acquired a new position in Philip Morris International during the fourth quarter valued at approximately $41,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PM. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. StockNews.com upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Stifel Nicolaus lifted their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $166.33.

Philip Morris International Trading Up 0.5 %

Shares of PM stock opened at $174.09 on Wednesday. Philip Morris International Inc. has a 12 month low of $97.18 and a 12 month high of $174.43. The company has a market capitalization of $270.98 billion, a P/E ratio of 38.60, a P/E/G ratio of 2.65 and a beta of 0.50. The stock has a 50 day moving average of $157.95 and a two-hundred day moving average of $140.18.

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

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.10%. Philip Morris International's payout ratio is currently 111.34%.

Insider Buying and Selling

In other news, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction on Thursday, March 6th. The shares were 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 in the company, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock valued at $19,655,585 over the last quarter. 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.

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