Delta Financial Group Inc. Takes $561,000 Position in Philip Morris International Inc. (NYSE:PM)

Delta Financial Group Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,659 shares of the company’s stock, valued at approximately $561,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. McAdam LLC bought a new position in shares of Philip Morris International in the 3rd quarter valued at $246,000. International Assets Investment Management LLC increased its stake in shares of Philip Morris International by 13,666.6% in the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock valued at $121,367,000 after purchasing an additional 992,467 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Philip Morris International by 18.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,831 shares of the company’s stock valued at $2,407,000 after purchasing an additional 3,096 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Philip Morris International by 10.2% during the 3rd quarter. Dakota Wealth Management now owns 23,282 shares of the company’s stock valued at $2,827,000 after acquiring an additional 2,149 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter valued at $220,000. Institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,143 shares of company stock valued at $19,092,846. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $154.39 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $154.64. The company has a market capitalization of $240.05 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55. The business’s 50-day moving average is $129.81 and its 200-day moving average is $126.45.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

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.