Invst LLC Increases Position in Philip Morris International Inc. (NYSE:PM)

Invst LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,813 shares of the company’s stock after acquiring an additional 237 shares during the period. Invst LLC’s holdings in Philip Morris International were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its stake in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $33,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $36,000. Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $37,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $40,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.7%

Shares of NYSE PM opened at $178.23 on Friday. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $178.70. The firm’s 50-day simple moving average is $162.60 and its 200 day simple moving average is $143.89. The stock has a market cap of $277.41 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Insiders Place Their Bets

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Citigroup raised their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $169.20.

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.