Maia Wealth LLC Has $629,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Maia Wealth LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 30.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,820 shares of the company’s stock after purchasing an additional 1,111 shares during the quarter. Maia Wealth LLC’s holdings in Philip Morris International were worth $629,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. White Lighthouse Investment Management Inc. increased its holdings in Philip Morris International by 71.4% in the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after purchasing an additional 4,999 shares in the last quarter. Range Financial Group LLC boosted its stake in Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after acquiring an additional 19,127 shares in the last quarter. Accredited Investors Inc. increased its stake in Philip Morris International by 3,553.3% in the third quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after purchasing an additional 201,294 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares during the period. Finally, CWA Asset Management Group LLC boosted its position in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 30,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the transaction, the chief financial officer now owns 139,105 shares of the company’s stock, valued at $20,705,779.25. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,143 shares of company stock worth $19,092,846 in the last quarter. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research reports. UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.56.

Philip Morris International Stock Up 0.8 %

Shares of NYSE PM opened at $155.26 on Monday. The company has a market capitalization of $241.41 billion, a PE ratio of 34.43, a PEG ratio of 2.65 and a beta of 0.55. The stock’s 50 day moving average price is $132.90 and its 200-day moving average price is $127.89. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $158.39.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.