SRS Capital Advisors Inc. Purchases 1,337 Shares of Philip Morris International Inc. (NYSE:PM)

SRS Capital Advisors Inc. raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 82.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,960 shares of the company’s stock after purchasing an additional 1,337 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Philip Morris International were worth $356,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. grew its stake in shares of Philip Morris International by 23.0% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 5,830 shares of the company’s stock valued at $702,000 after purchasing an additional 1,090 shares during the period. IFG Advisors LLC lifted its position in shares of Philip Morris International by 11.2% during the 4th quarter. IFG Advisors LLC now owns 8,620 shares of the company’s stock valued at $1,037,000 after buying an additional 867 shares in the last quarter. Kinsale Capital Group Inc. lifted its position in shares of Philip Morris International by 11.5% during the 4th quarter. Kinsale Capital Group Inc. now owns 67,551 shares of the company’s stock valued at $8,130,000 after buying an additional 6,943 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $50,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Philip Morris International by 31.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 11,002 shares of the company’s stock valued at $1,320,000 after buying an additional 2,631 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PM shares. Stifel Nicolaus lifted their price objective 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. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays boosted their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, UBS Group boosted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Price Performance

Shares of PM opened at $158.78 on Tuesday. The stock has a market capitalization of $246.88 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $158.85. The business’s 50 day simple moving average is $133.60 and its 200-day simple moving average is $128.18.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current 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 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insider Activity

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 transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.13% of the stock is currently owned by insiders.

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.