400 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 400 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International during the fourth quarter valued at $33,000. Northwest Financial Advisors purchased a new stake in Philip Morris International during the fourth quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International during the fourth quarter valued at $39,000. Quarry LP raised its stake in shares of Philip Morris International by 307.5% in the fourth quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after buying an additional 329 shares during the period. Finally, McClarren Financial Advisors Inc. lifted its holdings in Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of several research reports. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus raised their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.50.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the business’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 completion of the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $102.05 on Tuesday. The stock has a market capitalization of $158.64 billion, a PE ratio of 19.93, a P/E/G ratio of 2.10 and a beta of 0.57. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90. The company’s 50-day simple moving average is $98.09 and its 200-day simple moving average is $94.39.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 earnings per share. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is 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.