Valmark Advisers Inc. Has $538,000 Stake in Philip Morris International Inc. (NYSE:PM)

Valmark Advisers Inc. boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 18.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,470 shares of the company’s stock after purchasing an additional 688 shares during the period. Valmark Advisers Inc.’s holdings in Philip Morris International were worth $538,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted its stake in 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 acquiring an additional 183 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $33,000. Concord Wealth Partners grew its position in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares in the last quarter. Finally, Asset Dedication LLC increased its stake in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after buying an additional 147 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.0 %

NYSE:PM opened at $150.60 on Tuesday. The company’s 50 day moving average is $127.47 and its 200-day moving average is $125.28. The firm has a market cap of $234.16 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $151.22.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Research analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.59%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PM. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. 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. Barclays dropped 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. Finally, StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.56.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International 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.