CFC Planning Co LLC Invests $2.29 Million in Philip Morris International Inc.

CFC Planning Co LLC has recently made a significant investment in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, as revealed in its latest 13F filing with the SEC. The company acquired 19,010 shares of Philip Morris’s stock, which is estimated to be worth around $2,288,000. This investment now constitutes approximately 2.5% of CFC Planning Co LLC's total portfolio, positioning it as the fund's 20th largest holding.

Institutional Investments in Philip Morris

Other institutional investors have also been active in adjusting their stakes in Philip Morris International. For instance, Valley Wealth Managers Inc. significantly increased its holdings by 457.5% in the third quarter, now owning 223 shares valued at $27,000 after acquiring an additional 183 shares. Similarly, Dunhill Financial LLC expanded its investment by 203.8%, bringing their ownership to 240 shares worth $29,000. In the fourth quarter, McClarren Financial Advisors Inc. entered the market with a new stake valued at $33,000, while Concord Wealth Partners raised their position by an astonishing 2,709.1%, now owning 309 shares valued at $38,000.

Additionally, Asset Dedication LLC enhanced its stake by 55.5% during the fourth quarter, currently possessing 412 shares worth $50,000. Collectively, institutional investors hold about 78.63% of Philip Morris International's stock.

Analysts' Outlook on Philip Morris

Recent reports from various brokerages indicate a diverse outlook for Philip Morris International. UBS Group has raised its price target for the company from $105.00 to $120.00 but maintains a “sell” rating. Conversely, Morgan Stanley has begun coverage with an “overweight” rating and a price target set at $140.00. Stifel Nicolaus increased their price target to $160.00 with a “buy” rating. Meanwhile, JPMorgan Chase & Co. uplifted their price objective from $125.00 to $145.00 while granting an “overweight” rating.

In summary, one investment analyst has issued a sell rating, two have assigned a hold rating, while eight analysts recommend buying the stock. Presently, the stock has a consensus rating of "Moderate Buy" and a target price estimate of $139.56.

Insider Trading Activities

On a different note, insider trading reports show that VP Reginaldo Dobrowolski sold 5,000 shares on February 12 at an average price of $149.88, totaling $749,400. Following this sale, they now own 20,799 shares valued at approximately $3,117,354. This transaction reflects a 19.38% decrease in the insider's holdings in the company. It’s noteworthy that company insiders possess only 0.13% of the stock.

Philips Morris Performance Overview

The current market opening for Philip Morris International's stock is at $149.27. Over the past year, the stock has reached a low of $87.82 and a high of $150.24. The company's market capitalization stands at $232.08 billion, with a P/E ratio of 33.10 and a P/E/G ratio of 2.55.

In the latest quarterly earnings report from February 6, Philip Morris reported earnings per share (EPS) of $1.55, beating the expected $1.49. Analysts predict the company will post an EPS of 7.11 for the current fiscal year.

Dividends from Philip Morris International

Philip Morris International has also announced a quarterly dividend of $1.35, which was paid to shareholders on January 13. This equates to an annualized dividend of $5.40 and a yield of 3.62%. The dividend payout ratio is currently at 119.73%.

Company Overview

Philip Morris International Inc. operates as a tobacco company dedicated to delivering a smoke-free future. Their portfolio includes traditional cigarettes as well as innovative smoke-free products, enhancing their long-term offerings beyond tobacco and nicotine.

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