Dynamic Advisor Solutions LLC Has $3.20 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Dynamic Advisor Solutions LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,326 shares of the company’s stock after selling 426 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Philip Morris International were worth $3,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ossiam boosted its position in Philip Morris International by 240.9% during the fourth quarter. Ossiam now owns 13,238 shares of the company’s stock worth $1,245,000 after purchasing an additional 9,355 shares during the period. MGO One Seven LLC lifted its stake in shares of Philip Morris International by 0.6% in the fourth quarter. MGO One Seven LLC now owns 31,657 shares of the company’s stock worth $2,978,000 after buying an additional 193 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth $1,133,000. Jacobi Capital Management LLC boosted its holdings in shares of Philip Morris International by 6.9% during the 4th quarter. Jacobi Capital Management LLC now owns 16,310 shares of the company’s stock worth $1,534,000 after buying an additional 1,057 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in Philip Morris International in the 4th quarter valued at $857,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM opened at $118.75 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $128.22. The company has a market capitalization of $184.60 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.37 and a beta of 0.55. The firm’s fifty day moving average price is $120.57 and its two-hundred day moving average price is $106.80.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is 105.47%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction on 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 directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group lifted their price target on Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.41.

About Philip Morris International

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.