Options Solutions LLC Purchases 746 Shares of Philip Morris International Inc. (NYSE:PM)

Options Solutions LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 26.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,571 shares of the company’s stock after acquiring an additional 746 shares during the period. Options Solutions LLC’s holdings in Philip Morris International were worth $336,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PM. Headlands Technologies LLC bought a new position in shares of Philip Morris International in the 3rd quarter worth approximately $27,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International in the 4th quarter worth approximately $33,000. Northwest Financial Advisors purchased a new stake in shares of Philip Morris International in the 4th quarter worth approximately $33,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter worth approximately $39,000. Finally, McClarren Financial Advisors Inc. grew its stake in shares of Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after buying an additional 278 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus upped their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Trading Up 0.2 %

Shares of PM opened at $102.20 on Friday. The business’s fifty day simple moving average is $97.85 and its two-hundred day simple moving average is $94.32. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $104.90. The company has a market cap of $158.88 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.09 and a beta of 0.57.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. As a group, research analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.09%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

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.