PFG Investments LLC Has $560,000 Stake in Philip Morris International Inc. (NYSE:PM)

PFG Investments LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,951 shares of the company’s stock after purchasing an additional 109 shares during the quarter. PFG Investments LLC’s holdings in Philip Morris International were worth $560,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Aspen Grove Capital LLC raised its position in Philip Morris International by 13.0% in the 2nd quarter. Aspen Grove Capital LLC now owns 4,756 shares of the company’s stock valued at $470,000 after buying an additional 547 shares during the last quarter. Elevated Capital Advisors LLC raised its position in Philip Morris International by 2.8% in the 2nd quarter. Elevated Capital Advisors LLC now owns 17,016 shares of the company’s stock valued at $1,661,000 after buying an additional 471 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after buying an additional 13,416 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in Philip Morris International in the 3rd quarter valued at $11,288,000. Finally, Amica Mutual Insurance Co. raised its position in Philip Morris International by 5.5% in the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock valued at $13,655,000 after buying an additional 7,726 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 2.0 %

Shares of PM opened at $92.23 on Thursday. The company has a market cap of $143.18 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. The stock has a 50-day moving average price of $91.56 and a 200-day moving average price of $92.48. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.92.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, analysts predict that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 21st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.64%. Philip Morris International’s dividend payout ratio is 103.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, November 29th. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $105.40.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. Corporate 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.