Callan Family Office LLC Has $567,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Callan Family Office LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 20.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,671 shares of the company’s stock after buying an additional 806 shares during the quarter. Callan Family Office LLC’s holdings in Philip Morris International were worth $567,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Longfellow Investment Management Co. LLC raised its position in shares of Philip Morris International by 0.7% during the second quarter. Longfellow Investment Management Co. LLC now owns 12,888 shares of the company’s stock worth $1,306,000 after acquiring an additional 88 shares during the last quarter. Dearborn Partners LLC raised its position in shares of Philip Morris International by 3.2% during the second quarter. Dearborn Partners LLC now owns 2,867 shares of the company’s stock worth $291,000 after acquiring an additional 89 shares during the last quarter. LRI Investments LLC raised its position in shares of Philip Morris International by 1.5% during the second quarter. LRI Investments LLC now owns 6,287 shares of the company’s stock worth $637,000 after acquiring an additional 92 shares during the last quarter. First Financial Bank Trust Division raised its position in shares of Philip Morris International by 3.9% during the third quarter. First Financial Bank Trust Division now owns 2,524 shares of the company’s stock worth $306,000 after acquiring an additional 95 shares during the last quarter. Finally, Cahill Financial Advisors Inc. raised its position in shares of Philip Morris International by 4.5% during the second quarter. Cahill Financial Advisors Inc. now owns 2,294 shares of the company’s stock worth $232,000 after acquiring an additional 99 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Down 0.2 %

PM stock opened at $118.91 on Tuesday. The stock’s fifty day simple moving average is $120.48 and its two-hundred day simple moving average is $106.62. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $128.22. The stock has a market cap of $184.85 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.37 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted 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. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, analysts forecast that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be paid a $1.35 dividend. The ex-dividend date is Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.54%. Philip Morris International’s payout ratio is presently 105.47%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PM shares. Bank of America lifted their target price on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. The Goldman Sachs Group raised their price objective on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft raised their price objective on 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, UBS Group raised their price objective on Philip Morris International from $95.00 to $105.00 and gave the company a “sell” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.45.

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.