Waverly Advisors LLC Has $3.34 Million Position in Philip Morris International Inc. (NYSE:PM)

Waverly Advisors LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,761 shares of the company’s stock after purchasing an additional 4,852 shares during the quarter. Waverly Advisors LLC’s holdings in Philip Morris International were worth $3,341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Meridian Wealth Partners LLC lifted its position in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after buying an additional 70 shares in the last quarter. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after buying an additional 73 shares in the last quarter. Balboa Wealth Partners lifted its position in Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after buying an additional 74 shares in the last quarter. Finally, Cravens & Co Advisors LLC lifted its position in Philip Morris International by 0.7% during the 4th quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock worth $1,210,000 after buying an additional 74 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on 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 owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Morgan Stanley reissued an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. 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 report on Thursday, April 24th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.33.

Philip Morris International Stock Performance

Shares of PM stock opened at $174.60 on Thursday. The firm’s 50-day moving average is $161.72 and its 200-day moving average is $143.13. The stock has a market cap of $271.77 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $176.49.

Philip Morris International (NYSE:PM) last announced its quarterly 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 for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the business earned $1.50 EPS. Philip Morris International’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared 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 3.09%. Philip Morris International’s dividend payout ratio (DPR) is currently 111.34%.

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.