XML Financial LLC Has $388,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

XML Financial LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 77.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,194 shares of the company’s stock after selling 10,805 shares during the period. XML Financial LLC’s holdings in Philip Morris International were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Primoris Wealth Advisors LLC grew its holdings in Philip Morris International by 69.9% during the 3rd quarter. Primoris Wealth Advisors LLC now owns 22,963 shares of the company’s stock worth $2,818,000 after acquiring an additional 9,450 shares during the last quarter. Assetmark Inc. grew its position in shares of Philip Morris International by 5.7% in the 3rd quarter. Assetmark Inc. now owns 173,597 shares of the company’s stock valued at $21,075,000 after buying an additional 9,415 shares during the last quarter. Windward Capital Management Co. CA raised its position in shares of Philip Morris International by 8.2% during the third quarter. Windward Capital Management Co. CA now owns 33,339 shares of the company’s stock worth $4,047,000 after acquiring an additional 2,524 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Philip Morris International in the third quarter worth approximately $2,136,000. Finally, Equitable Trust Co. lifted its stake in shares of Philip Morris International by 12.5% in the third quarter. Equitable Trust Co. now owns 14,174 shares of the company’s stock worth $1,721,000 after acquiring an additional 1,575 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 2.0 %

PM stock opened at $126.24 on Monday. The firm has a market capitalization of $196.28 billion, a PE ratio of 20.04, a P/E/G ratio of 2.21 and a beta of 0.54. The stock’s 50 day moving average is $124.21 and its 200-day moving average is $112.52. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PM. UBS Group raised their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, JPMorgan Chase & Co. raised their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.85.

Insiders Place Their Bets

In other news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Werner Barth sold 7,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.