12,999 Shares in Philip Morris International Inc. (PM) Purchased by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,999 shares of the company’s stock, valued at approximately $161,000.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC lifted its position in Philip Morris International by 4,963.9% during the second quarter. Integrated Investment Consultants LLC now owns 247,268 shares of the company’s stock valued at $666,000 after purchasing an additional 242,385 shares during the last quarter. Assetmark Inc. boosted its stake in Philip Morris International by 4.5% in the 2nd quarter. Assetmark Inc. now owns 229,433 shares of the company’s stock worth $18,524,000 after purchasing an additional 9,903 shares in the last quarter. Montecito Bank & Trust lifted its stake in Philip Morris International by 41.3% during the 2nd quarter. Montecito Bank & Trust now owns 7,981 shares of the company’s stock valued at $644,000 after acquiring an additional 2,334 shares during the period. NS Partners Ltd increased its position in shares of Philip Morris International by 10.6% during the 2nd quarter. NS Partners Ltd now owns 144,466 shares of the company’s stock valued at $11,664,000 after purchasing an additional 13,800 shares during the last quarter. Finally, Oldfield Partners LLP purchased a new stake in shares of Philip Morris International during the 2nd quarter valued at about $3,047,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

PM has been the subject of several analyst reports. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, September 24th. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Citigroup increased their target price on shares of Philip Morris International from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 21st. Piper Jaffray Companies set a $99.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a report on Wednesday, October 10th. Finally, Sanford C. Bernstein initiated coverage on shares of Philip Morris International in a report on Tuesday, October 16th. They issued an “outperform” rating and a $97.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $95.73.

In related news, Director Louis C. Camilleri sold 59,495 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $86.98, for a total value of $5,174,875.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by company insiders.

PM traded up $0.09 during trading on Friday, reaching $85.38. 77,251 shares of the company traded hands, compared to its average volume of 4,677,903. Philip Morris International Inc. has a 12-month low of $76.21 and a 12-month high of $111.25. The firm has a market cap of $132.80 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.96 and a beta of 0.60.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the firm posted $1.27 EPS. The company’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts expect that Philip Morris International Inc. will post 5.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, December 20th will be given a $1.14 dividend. The ex-dividend date is Wednesday, December 19th. This represents a $4.56 dividend on an annualized basis and a yield of 5.34%. Philip Morris International’s dividend payout ratio is presently 92.49%.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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