DDFG Inc Invests $839,000 in Philip Morris International Inc. (NYSE:PM)

DDFG Inc purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,283 shares of the company’s stock, valued at approximately $839,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Iron Horse Wealth Management LLC raised its stake in Philip Morris International by 684.4% in the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock worth $25,000 after buying an additional 219 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Philip Morris International in the 2nd quarter worth approximately $25,000. Boyd Watterson Asset Management LLC OH raised its position in shares of Philip Morris International by 250.0% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Philip Morris International by 57.4% in the 2nd quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares during the period. Finally, Northwest Financial Advisors bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $33,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.5 %

Shares of PM opened at $125.81 on Monday. The company has a market capitalization of $195.61 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.45 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $127.45. The firm has a 50 day moving average of $113.87 and a 200 day moving average of $102.40.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price objective on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Bank of America lifted their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Barclays raised their target price on shares of Philip Morris International from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Finally, StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.70.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The disclosure for this sale can be found here. Company insiders own 0.13% 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.