Mengis Capital Management Inc. Has $5.35 Million Stake in Philip Morris International Inc. (NYSE:PM)

Mengis Capital Management Inc. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,462 shares of the company’s stock after purchasing an additional 390 shares during the quarter. Philip Morris International makes up about 1.1% of Mengis Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Mengis Capital Management Inc.’s holdings in Philip Morris International were worth $5,351,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after acquiring an additional 3,363,454 shares in the last quarter. National Bank of Canada FI raised its position in Philip Morris International by 161.6% during the third 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 raised its position in 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 in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Philip Morris International by 44.0% in the third quarter. Bank of Montreal Can now owns 3,170,549 shares of the company’s stock valued at $382,432,000 after purchasing an additional 969,198 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insiders Place Their Bets

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM opened at $156.13 on Tuesday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $156.63. The firm has a market cap of $242.76 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 2.65 and a beta of 0.55. The firm’s 50-day simple moving average is $130.42 and its 200 day simple moving average is $126.81.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders 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 dividend on an annualized basis and a yield of 3.46%. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PM shares. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. UBS Group increased their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.22.

Philip Morris International Company Profile

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.