Philip Morris International Inc. (NYSE:PM) Stock Position Cut by Childress Capital Advisors LLC

Childress Capital Advisors LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 3,706 shares of the company’s stock after selling 151 shares during the period. Childress Capital Advisors LLC’s holdings in Philip Morris International were worth $450,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Nicholas Hoffman & Company LLC. increased its stake in shares of Philip Morris International by 2.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 16,947 shares of the company’s stock valued at $2,057,000 after acquiring an additional 325 shares during the period. Fidelis Capital Partners LLC boosted its stake in Philip Morris International by 1.6% during the 3rd quarter. Fidelis Capital Partners LLC now owns 9,199 shares of the company’s stock valued at $1,209,000 after purchasing an additional 144 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Philip Morris International by 7.5% during the 3rd quarter. Valmark Advisers Inc. now owns 3,782 shares of the company’s stock valued at $459,000 after purchasing an additional 265 shares during the period. Tyche Wealth Partners LLC raised its stake in shares of Philip Morris International by 0.8% in the 3rd quarter. Tyche Wealth Partners LLC now owns 17,053 shares of the company’s stock worth $2,070,000 after buying an additional 141 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in shares of Philip Morris International by 546.2% in the third quarter. Fortitude Family Office LLC now owns 2,055 shares of the company’s stock valued at $249,000 after buying an additional 1,737 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PM shares. Citigroup lifted their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Bank of America lifted their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $126.85.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Werner Barth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,418 shares of company stock valued at $15,247,052 in the last quarter. Company insiders own 0.14% of the company’s stock.

Philip Morris International Trading Up 0.8 %

Shares of PM stock opened at $131.57 on Wednesday. The company has a market capitalization of $204.56 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.57 and a beta of 0.55. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $133.27. The stock’s fifty day simple moving average is $122.99 and its 200-day simple moving average is $110.58.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 12.10%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a $1.35 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.10%. Philip Morris International’s dividend payout ratio is presently 85.71%.

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.