Plancorp LLC Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Plancorp LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,413 shares of the company’s stock after purchasing an additional 212 shares during the period. Plancorp LLC’s holdings in Philip Morris International were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. Peregrine Asset Advisers Inc. purchased a new position in shares of Philip Morris International during the second quarter valued at about $213,000. Pekin Hardy Strauss Inc. grew its position in Philip Morris International by 0.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 28,913 shares of the company’s stock worth $2,930,000 after acquiring an additional 99 shares in the last quarter. Excalibur Management Corp raised its stake in shares of Philip Morris International by 1.9% in the second quarter. Excalibur Management Corp now owns 10,830 shares of the company’s stock valued at $1,097,000 after acquiring an additional 198 shares during the period. Luts & Greenleigh Group Inc. purchased a new stake in shares of Philip Morris International in the second quarter worth approximately $847,000. Finally, Wulff Hansen & CO. boosted its stake in shares of Philip Morris International by 10,033.0% during the second quarter. Wulff Hansen & CO. now owns 1,039,646 shares of the company’s stock valued at $105,347,000 after purchasing an additional 1,029,386 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated 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 owns 158,447 shares in the company, valued at $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Bank of America boosted their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Stifel Nicolaus raised their target price on shares of Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.05.

Philip Morris International Stock Up 0.3 %

Philip Morris International stock opened at $125.99 on Tuesday. The stock has a 50-day moving average price of $116.78 and a 200 day moving average price of $103.89. The company has a market capitalization of $195.86 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $128.22.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts anticipate that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be paid a $1.35 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.29%. Philip Morris International’s dividend payout ratio is presently 101.56%.

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.