SOA Wealth Advisors LLC. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 846 shares of the company’s stock, valued at approximately $72,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. TRU Independence Asset Management 2 LLC acquired a new position in Philip Morris International during the 4th quarter valued at about $36,000. Encompass Wealth Advisors LLC acquired a new position in Philip Morris International during the 4th quarter valued at about $36,000. Childress Capital Advisors LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at about $271,000. tru Independence LLC boosted its position in shares of Philip Morris International by 45.0% during the 4th quarter. tru Independence LLC now owns 1,198 shares of the company’s stock valued at $99,000 after purchasing an additional 372 shares in the last quarter. Finally, Alliance Wealth Advisors LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at about $852,000. 74.18% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $90.00 to $100.00 in a research report on Friday, February 5th. Smith Barney Citigroup reiterated a “” rating and set a $105.00 price target (up previously from $100.00) on shares of Philip Morris International in a research report on Friday, January 8th. Morgan Stanley raised their price objective on shares of Philip Morris International from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, March 3rd. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Tuesday, January 12th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Philip Morris International from $100.00 to $105.00 in a report on Friday, January 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $97.64.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. The business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Philip Morris International had a net margin of 10.07% and a negative return on equity of 78.02%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. On average, analysts predict that Philip Morris International Inc. will post 5.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 9th. Investors of record on Monday, March 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Friday, March 19th. Philip Morris International’s payout ratio is presently 92.49%.
In related news, VP Marian Salzman sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $84.39, for a total transaction of $168,780.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.
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