GFG Capital LLC Makes New $227,000 Investment in Philip Morris International Inc. (NYSE:PM)

GFG Capital LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, HoldingsChannel reports. The firm bought 1,883 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors also recently bought and sold shares of PM. Valley Wealth Managers Inc. lifted its holdings in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC raised its stake in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International during the 4th quarter valued at $33,000. Concord Wealth Partners raised its stake in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after acquiring an additional 298 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’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 sale, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on PM shares. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday. Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group lifted their target price 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, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Philip Morris International Stock Performance

Philip Morris International stock opened at $149.27 on Friday. The business’s 50-day simple moving average is $126.73 and its 200-day simple moving average is $124.72. The firm has a market capitalization of $232.08 billion, a PE ratio of 33.10, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $150.24.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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 9.24%. Research analysts forecast that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.62%. Philip Morris International’s dividend payout ratio is 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.