Philip Morris International Inc. (NYSE:PM) Shares Bought by Algert Global LLC

Algert Global LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,940 shares of the company’s stock after purchasing an additional 3,928 shares during the period. Algert Global LLC’s holdings in Philip Morris International were worth $5,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC raised its position in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth $522,214,000. Kovitz Investment Group Partners LLC grew its stake in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after purchasing an additional 4,298,530 shares during the period. Capital World Investors increased its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

NYSE:PM opened at $173.21 on Tuesday. Philip Morris International Inc. has a 1-year low of $96.65 and a 1-year high of $173.85. The firm has a 50 day simple moving average of $157.54 and a 200-day simple moving average of $139.94. The firm has a market cap of $269.60 billion, a PE ratio of 38.41, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Stifel Nicolaus raised their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Citigroup boosted their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Barclays lifted their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, 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 note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

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.