Lincoln National Corp Acquires 968 Shares of Philip Morris International Inc. (NYSE:PM)

Lincoln National Corp grew its holdings in Philip Morris International Inc. (NYSE:PM) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,210 shares of the company’s stock after acquiring an additional 968 shares during the period. Lincoln National Corp’s holdings in Philip Morris International were worth $3,124,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PM. PFG Investments LLC increased its holdings in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after buying an additional 109 shares during the last quarter. CGC Financial Services LLC increased its holdings in shares of Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Philip Morris International by 0.3% in the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after purchasing an additional 112 shares during the last quarter. Bluesphere Advisors LLC increased its holdings in shares of Philip Morris International by 0.7% in the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after purchasing an additional 113 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of Philip Morris International by 0.4% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after purchasing an additional 113 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on PM. Societe Generale upgraded shares of 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. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $105.50.

Philip Morris International Price Performance

PM traded up $0.08 during trading on Tuesday, hitting $97.53. 3,960,276 shares of the stock traded hands, compared to its average volume of 5,724,651. The business has a 50 day moving average price of $92.61 and a 200 day moving average price of $92.35. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70. The company has a market cap of $151.62 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.08 and a beta of 0.60.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 6.29 earnings per share 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 dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.33%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insiders Place Their Bets

In related 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 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 filing with the SEC, which can be accessed through this link. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was 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 can be accessed through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value 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 valued at $3,339,528 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

About Philip Morris International

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.