B. Riley Wealth Advisors Inc. Has $3.97 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

B. Riley Wealth Advisors Inc. lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,849 shares of the company’s stock after purchasing an additional 6,927 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Philip Morris International were worth $3,973,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dearborn Partners LLC increased its holdings in shares of Philip Morris International by 1.8% in the third quarter. Dearborn Partners LLC now owns 5,878 shares of the company’s stock valued at $488,000 after purchasing an additional 103 shares during the last quarter. Kolinsky Wealth Management LLC boosted its position in shares of Philip Morris International by 2.6% in the third quarter. Kolinsky Wealth Management LLC now owns 4,271 shares of the company’s stock valued at $355,000 after acquiring an additional 109 shares during the period. Cobblestone Capital Advisors LLC NY boosted its position in shares of Philip Morris International by 3.0% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 3,720 shares of the company’s stock valued at $367,000 after acquiring an additional 110 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Philip Morris International by 1.0% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 11,826 shares of the company’s stock valued at $982,000 after acquiring an additional 113 shares during the period. Finally, Paradigm Financial Partners LLC boosted its position in shares of Philip Morris International by 0.9% in the third quarter. Paradigm Financial Partners LLC now owns 13,333 shares of the company’s stock valued at $1,140,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 75.85% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Societe Generale initiated coverage on shares of Philip Morris International in a research report on Monday, January 23rd. They issued a “sell” rating and a $90.00 target price for the company. Jefferies Financial Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and boosted their target price for the company from $86.00 to $118.00 in a research report on Thursday, January 19th. StockNews.com started coverage on shares of Philip Morris International in a research report on Thursday. They set a “hold” rating for the company. Morgan Stanley upped their price objective on shares of Philip Morris International from $109.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Finally, The Goldman Sachs Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $120.00 in a research report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.73.

Philip Morris International Trading Down 0.8 %

PM stock opened at $95.39 on Friday. The stock has a market capitalization of $147.88 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.69. Philip Morris International Inc. has a 12 month low of $82.85 and a 12 month high of $109.81. The firm has a 50-day moving average price of $100.87 and a 200-day moving average price of $96.75.

Philip Morris International (NYSE:PM – Get Rating) last posted its earnings results on Thursday, February 9th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. Philip Morris International had a net margin of 11.22% and a negative return on equity of 127.24%. The firm had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd will be paid a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Wednesday, March 22nd. Philip Morris International’s dividend payout ratio is currently 87.44%.

Insider Activity

In other news, insider Stacey Kennedy sold 20,308 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $100.30, for a total value of $2,036,892.40. Following the completion of the transaction, the insider now owns 22,418 shares of the company’s stock, valued at $2,248,525.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Stacey Kennedy sold 20,308 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $100.30, for a total value of $2,036,892.40. Following the completion of the transaction, the insider now owns 22,418 shares of the company’s stock, valued at $2,248,525.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andre Calantzopoulos sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $100.35, for a total value of $8,028,000.00. Following the completion of the transaction, the chairman now directly owns 1,007,048 shares of the company’s stock, valued at approximately $101,057,266.80. The disclosure for this sale can be found here. Insiders sold 117,064 shares of company stock valued at $11,738,763 over the last quarter. 0.13% of the stock is owned by company insiders.

Philip Morris International Profile

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.