Lee Johnson Capital Management LLC Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Lee Johnson Capital Management LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,976 shares of the company’s stock after purchasing an additional 328 shares during the period. Philip Morris International comprises approximately 0.2% of Lee Johnson Capital Management LLC’s holdings, making the stock its 26th largest holding. Lee Johnson Capital Management LLC’s holdings in Philip Morris International were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PM. FMR LLC increased its stake in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after buying an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock valued at $1,121,932,000 after buying an additional 3,363,454 shares during the period. National Bank of Canada FI grew its stake in Philip Morris International by 161.6% in the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after acquiring an additional 1,200,636 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Philip Morris International by 14,611.4% during the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock worth $142,467,000 after acquiring an additional 1,165,554 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of Philip Morris International by 13,666.6% during the third quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock worth $121,367,000 after acquiring an additional 992,467 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 1.7 %

NYSE PM opened at $121.88 on Monday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The company has a 50 day moving average price of $125.50 and a 200 day moving average price of $121.33. The firm has a market cap of $189.51 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.43%. Philip Morris International’s payout ratio is currently 85.71%.

Analyst Ratings Changes

PM has been the subject of a number of research reports. UBS Group boosted their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday. They set an “overweight” rating and a $140.00 price target on the stock. Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group raised their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Insider Activity

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. 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.