Waverly Advisors LLC Grows Position in Philip Morris International Inc. (NYSE:PM)

Waverly Advisors LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 170.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,001 shares of the company’s stock after acquiring an additional 13,879 shares during the period. Waverly Advisors LLC’s holdings in Philip Morris International were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in PM. Gradient Investments LLC raised its holdings in shares of Philip Morris International by 3.8% in the 4th quarter. Gradient Investments LLC now owns 4,137 shares of the company’s stock valued at $389,000 after purchasing an additional 153 shares in the last quarter. PFG Advisors raised its holdings in shares of Philip Morris International by 11.2% during the fourth quarter. PFG Advisors now owns 2,790 shares of the company’s stock worth $262,000 after purchasing an additional 282 shares during the last quarter. Strategic Advisors LLC increased its holdings in Philip Morris International by 4.6% in the 4th quarter. Strategic Advisors LLC now owns 4,440 shares of the company’s stock worth $418,000 after acquiring an additional 194 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Philip Morris International by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 485,280 shares of the company’s stock worth $45,655,000 after buying an additional 12,419 shares during the last quarter. Finally, Secure Asset Management LLC grew its holdings in shares of Philip Morris International by 571.8% during the fourth quarter. Secure Asset Management LLC now owns 15,177 shares of the company’s stock worth $1,428,000 after buying an additional 12,918 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Philip Morris International Trading Down 0.9 %

PM stock opened at $113.70 on Wednesday. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $114.83. The business’s 50-day moving average price is $103.85 and its two-hundred day moving average price is $96.81. The firm has a market cap of $176.78 billion, a PE ratio of 22.40, a P/E/G ratio of 2.29 and a beta of 0.58.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 10.92% and a negative return on equity of 113.32%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. On average, analysts forecast that Philip Morris International Inc. will post 6.41 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Bank of America raised their price objective on shares of Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.80.

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.