Philip Morris International Inc. (NYSE:PM) Shares Bought by Continuum Advisory LLC

Continuum Advisory LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,300 shares of the company’s stock after acquiring an additional 264 shares during the quarter. Continuum Advisory LLC’s holdings in Philip Morris International were worth $1,360,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PharVision Advisers LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth about $302,000. Kinloch Capital LLC increased its holdings in Philip Morris International by 2.4% in the fourth quarter. Kinloch Capital LLC now owns 25,563 shares of the company’s stock valued at $3,077,000 after buying an additional 596 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Philip Morris International by 16.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,209,376 shares of the company’s stock valued at $747,298,000 after buying an additional 854,220 shares during the last quarter. Waverly Advisors LLC raised its stake in Philip Morris International by 21.2% during the fourth quarter. Waverly Advisors LLC now owns 27,761 shares of the company’s stock valued at $3,341,000 after buying an additional 4,852 shares in the last quarter. Finally, Woodline Partners LP bought a new position in Philip Morris International during the 4th quarter worth approximately $11,238,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.5%

NYSE:PM opened at $174.10 on Wednesday. The company has a 50-day moving average of $161.26 and a 200-day moving average of $142.92. The firm has a market cap of $270.99 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $176.49.

Philip Morris International (NYSE:PM) last issued its 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 firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Insider Activity

In related news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This trade represents a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 30,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the transaction, the chief financial officer now owns 139,105 shares in the company, valued at approximately $20,705,779.25. The trade was a 17.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,822 shares of company stock valued at $18,906,185 over the last three months. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Morgan Stanley restated an “overweight” rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays boosted their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Citigroup increased their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $166.33.

Philip Morris International 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.