BlackDiamond Wealth Management LLC Buys 201 Shares of Philip Morris International Inc. (NYSE:PM)

BlackDiamond Wealth Management LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 11.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,970 shares of the company’s stock after acquiring an additional 201 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Philip Morris International were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. NewSquare Capital LLC lifted its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after purchasing an additional 73 shares in the last quarter. Balboa Wealth Partners lifted its holdings in Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after purchasing an additional 74 shares in the last quarter. Centurion Wealth Management LLC lifted its holdings in Philip Morris International by 3.5% during the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock worth $268,000 after purchasing an additional 75 shares in the last quarter. Finally, Investment Advisory Services Inc. TX ADV lifted its holdings in Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent research reports. Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, Morgan Stanley initiated 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Insider Activity

In related news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

Philip Morris International Stock Up 2.4 %

Shares of NYSE PM opened at $155.49 on Tuesday. The firm has a market capitalization of $241.76 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.65 and a beta of 0.53. The stock’s 50-day simple moving average is $139.79 and its two-hundred day simple moving average is $130.42. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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%. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.47%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

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.