Nicolet Advisory Services LLC Purchases 233 Shares of Philip Morris International Inc. (NYSE:PM)

Nicolet Advisory Services LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,530 shares of the company’s stock after purchasing an additional 233 shares during the period. Nicolet Advisory Services LLC’s holdings in Philip Morris International were worth $1,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Range Financial Group LLC boosted its position in Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after buying an additional 19,127 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after acquiring an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after acquiring an additional 6,605 shares in the last quarter. Ritholtz Wealth Management grew its position in Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after acquiring an additional 18,183 shares during the last quarter. Finally, Czech National Bank increased its holdings in Philip Morris International by 6.4% during the 4th quarter. Czech National Bank now owns 337,119 shares of the company’s stock valued at $40,572,000 after purchasing an additional 20,390 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Price Performance

NYSE PM opened at $156.24 on Thursday. The firm has a market cap of $242.93 billion, a P/E ratio of 34.64, a P/E/G ratio of 2.65 and a beta of 0.53. The stock’s 50-day moving average is $147.92 and its 200-day moving average is $132.82. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

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 3.46%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’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 sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction dated 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 owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by corporate 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.