BBR Partners LLC Increases Position in Philip Morris International Inc. (NYSE:PM)

BBR Partners LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,605 shares of the company’s stock after acquiring an additional 3,626 shares during the period. Philip Morris International makes up about 1.3% of BBR Partners LLC’s portfolio, making the stock its 11th biggest holding. BBR Partners LLC’s holdings in Philip Morris International were worth $17,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hancock Whitney Corp increased its holdings in Philip Morris International by 9.0% in the 1st quarter. Hancock Whitney Corp now owns 6,374 shares of the company’s stock worth $584,000 after buying an additional 525 shares during the period. Community Trust & Investment Co. increased its stake in shares of Philip Morris International by 26.9% in the first quarter. Community Trust & Investment Co. now owns 37,508 shares of the company’s stock worth $3,436,000 after acquiring an additional 7,960 shares during the period. Cetera Investment Advisers raised its holdings in shares of Philip Morris International by 317.0% during the first quarter. Cetera Investment Advisers now owns 481,323 shares of the company’s stock worth $44,099,000 after purchasing an additional 365,896 shares during the last quarter. Cetera Advisors LLC lifted its position in Philip Morris International by 38.2% during the first quarter. Cetera Advisors LLC now owns 174,481 shares of the company’s stock valued at $15,986,000 after purchasing an additional 48,249 shares during the period. Finally, Cetera Advisor Networks LLC boosted its holdings in Philip Morris International by 1.8% in the first quarter. Cetera Advisor Networks LLC now owns 233,398 shares of the company’s stock valued at $21,384,000 after purchasing an additional 4,134 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International 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 value of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was 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 directly owns 959,761 shares in the company, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

NYSE:PM opened at $131.82 on Thursday. The stock has a market capitalization of $204.96 billion, a PE ratio of 20.92, a P/E/G ratio of 2.29 and a beta of 0.54. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The company has a fifty day moving average of $125.26 and a two-hundred day moving average of $115.42.

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, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. Research analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The company 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 annualized dividend and a dividend yield of 4.10%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s payout ratio is presently 85.71%.

Analysts Set New Price Targets

PM has been the subject of a number of recent research reports. Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group upped their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Barclays boosted their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

Philip Morris International Company 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.