Garden State Investment Advisory Services LLC Buys 79 Shares of Philip Morris International Inc. (NYSE:PM)

Garden State Investment Advisory Services LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,792 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Philip Morris International were worth $216,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Range Financial Group LLC increased its stake in shares of Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after acquiring an additional 16,035 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Philip Morris International by 37.5% during the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after acquiring an additional 6,605 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after acquiring an additional 18,183 shares during the period. Finally, Czech National Bank grew its position in shares of Philip Morris International by 6.4% in the fourth quarter. Czech National Bank now owns 337,119 shares of the company’s stock valued at $40,572,000 after purchasing an additional 20,390 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock worth $19,655,585 over the last three months. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent research reports. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus raised their price target on shares of Philip Morris International from $160.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, April 10th. Citigroup upped their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.

Philip Morris International Trading Up 0.2 %

PM opened at $160.41 on Thursday. The stock has a market capitalization of $249.68 billion, a P/E ratio of 35.57, a PEG ratio of 2.65 and a beta of 0.46. The stock has a 50-day moving average price of $153.17 and a 200-day moving average price of $135.34. Philip Morris International Inc. has a 12-month low of $89.30 and a 12-month high of $163.08.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Philip Morris International Company 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.