Waters Parkerson & CO. LLC Has $33.97 Million Position in Philip Morris International Inc. (NYSE:PM)

Waters Parkerson & CO. LLC boosted its position in Philip Morris International Inc. (NYSE:PM) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 335,269 shares of the company’s stock after buying an additional 3,613 shares during the quarter. Philip Morris International makes up about 1.8% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 18th biggest position. Waters Parkerson & CO. LLC’s holdings in Philip Morris International were worth $33,973,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PM. Gilbert & Cook Inc. grew its holdings in shares of Philip Morris International by 3.8% in the 4th quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock valued at $1,030,000 after acquiring an additional 404 shares in the last quarter. Clearbridge Investments LLC bought a new position in Philip Morris International in the fourth quarter valued at approximately $460,000. EverSource Wealth Advisors LLC increased its position in shares of Philip Morris International by 5.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,123 shares of the company’s stock worth $482,000 after purchasing an additional 268 shares during the last quarter. Tidemark LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth approximately $61,000. Finally, FineMark National Bank & Trust raised its stake in shares of Philip Morris International by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 33,351 shares of the company’s stock worth $3,138,000 after purchasing an additional 413 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. UBS Group boosted their price objective on shares of Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Stifel Nicolaus lifted their price target on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Bank of America boosted their price target on 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, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.05.

Philip Morris International Trading Down 1.0 %

Philip Morris International stock opened at $119.77 on Friday. The company has a market capitalization of $186.19 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.45 and a beta of 0.55. The stock’s 50 day moving average is $117.87 and its 200-day moving average is $104.35. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $128.22.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. As a group, equities research analysts predict that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s payout ratio is 105.47%.

Insider Buying and Selling

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the business’s 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 transaction, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Philip Morris International 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.