Stonebrook Private Inc. Makes New $242,000 Investment in Philip Morris International Inc. (NYSE:PM)

Stonebrook Private Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,569 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Philip Morris International in the third quarter valued at $27,000. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International in the fourth quarter valued at $33,000. Legacy Financial Group LLC purchased a new position in Philip Morris International in the third quarter valued at $37,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Philip Morris International during the fourth quarter worth about $39,000. Finally, McClarren Financial Advisors Inc. grew its holdings in shares of Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Stifel Nicolaus raised their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. Finally, UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Down 1.1 %

Shares of NYSE:PM opened at $95.02 on Monday. The company has a market cap of $147.71 billion, a P/E ratio of 18.56, a PEG ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.79. The company has a 50-day moving average price of $91.90 and a 200 day moving average price of $92.18.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. Analysts expect that Philip Morris International Inc. will post 6.3 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.47%. Philip Morris International’s payout ratio is currently 101.56%.

Insider Activity at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock worth $3,339,528 over the last 90 days. Company insiders own 0.14% of the company’s stock.

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.