Barlow Wealth Partners Inc. Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Barlow Wealth Partners Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,405 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors have also made changes to their positions in PM. Headlands Technologies LLC bought a new stake in shares of Philip Morris International during the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the 4th quarter valued at about $33,000. Wetzel Investment Advisors Inc. bought a new stake in Philip Morris International in the fourth quarter valued at about $39,000. McClarren Financial Advisors Inc. raised its position in Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in Philip Morris International by 1,685.7% during the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock valued at $47,000 after purchasing an additional 472 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

NYSE:PM traded up $0.06 on Tuesday, hitting $97.51. 3,960,335 shares of the stock were exchanged, compared to its average volume of 5,724,651. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.70. The stock has a market capitalization of $151.59 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.08 and a beta of 0.60. The company’s 50-day moving average price is $92.76 and its 200 day moving average price is $92.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is 101.56%.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale 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 stock in a transaction dated 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 owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,250 shares of company stock worth $3,339,528. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PM. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $105.50.

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.