Good Life Advisors LLC Buys 135 Shares of Philip Morris International Inc. (NYSE:PM)

Good Life Advisors LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,486 shares of the company’s stock after acquiring an additional 135 shares during the quarter. Good Life Advisors LLC’s holdings in Philip Morris International were worth $996,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in Philip Morris International by 2.7% during the 3rd quarter. Capital World Investors now owns 82,760,572 shares of the company’s stock valued at $7,844,875,000 after purchasing an additional 2,152,766 shares during the period. Zacks Investment Management raised its position in Philip Morris International by 3.0% in the 3rd quarter. Zacks Investment Management now owns 621,711 shares of the company’s stock valued at $58,932,000 after purchasing an additional 18,236 shares during the last quarter. Gilbert & Cook Inc. raised its position in Philip Morris International by 562.1% in the 4th quarter. Gilbert & Cook Inc. now owns 13,759 shares of the company’s stock valued at $1,307,000 after purchasing an additional 11,681 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Philip Morris International by 1.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,941,993 shares of the company’s stock valued at $184,118,000 after purchasing an additional 22,364 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Philip Morris International by 3.9% in the 4th quarter. First Trust Advisors LP now owns 1,133,129 shares of the company’s stock valued at $107,648,000 after purchasing an additional 42,238 shares during the last quarter. Institutional investors own 74.78% of the company’s stock.

NYSE:PM traded up $1.06 on Friday, reaching $104.43. The company’s stock had a trading volume of 2,816,147 shares, compared to its average volume of 5,078,267. Philip Morris International Inc. has a 1-year low of $85.64 and a 1-year high of $112.48. The firm has a market cap of $161.88 billion, a PE ratio of 18.07, a PEG ratio of 3.65 and a beta of 0.67. The business’s 50-day moving average price is $97.78 and its two-hundred day moving average price is $97.66.

Philip Morris International (NYSE:PMGet Rating) last posted its earnings results on Thursday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.08. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The firm had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Philip Morris International Inc. will post 5.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 12th. Stockholders of record on Thursday, March 24th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, March 23rd. This represents a $5.00 annualized dividend and a dividend yield of 4.79%. Philip Morris International’s dividend payout ratio is currently 86.51%.

PM has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Philip Morris International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $110.00 in a research report on Monday, March 7th. StockNews.com began coverage on Philip Morris International in a research note on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley lifted their price objective on Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Stifel Nicolaus decreased their price objective on Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, March 25th. Finally, Barclays decreased their price objective on Philip Morris International from $125.00 to $120.00 in a research note on Friday, February 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has an average rating of “Buy” and a consensus price target of $112.00.

In other news, insider Wilde Frederic De sold 29,941 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $108.49, for a total transaction of $3,248,299.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Profile (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

See Also

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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