PFG Advisors Has $262,000 Stake in Philip Morris International Inc. (NYSE:PM)

PFG Advisors lifted its stake in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,790 shares of the company’s stock after purchasing an additional 282 shares during the period. PFG Advisors’ holdings in Philip Morris International were worth $262,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PM. Fairfield Bush & CO. lifted its holdings in Philip Morris International by 1.1% in the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after buying an additional 281 shares during the period. American Century Companies Inc. lifted its holdings in Philip Morris International by 35.6% in the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock valued at $463,000 after buying an additional 1,296 shares during the period. Loomis Sayles & Co. L P increased its stake in Philip Morris International by 24.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after purchasing an additional 608 shares in the last quarter. Covestor Ltd increased its stake in Philip Morris International by 54.9% in the first quarter. Covestor Ltd now owns 525 shares of the company’s stock valued at $49,000 after purchasing an additional 186 shares in the last quarter. Finally, Mather Group LLC. increased its stake in Philip Morris International by 14.7% in the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock valued at $844,000 after purchasing an additional 1,154 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.9 %

Philip Morris International stock opened at $91.01 on Thursday. The company has a market cap of $141.48 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92. The company has a fifty day simple moving average of $91.46 and a 200 day simple moving average of $92.35.

Philip Morris International (NYSE:PMGet Free Report) last released its earnings results 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 business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 21st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 103.59%.

Wall Street Analyst Weigh In

Several brokerages have commented on PM. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. Finally, UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and an average target price of $105.40.

Get Our Latest Stock Analysis on Philip Morris International

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 over the last quarter. 0.15% of the stock is currently owned by insiders.

Philip Morris International Profile

(Free Report)

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.

See Also

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

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