ST Germain D J Co. Inc. Grows Position in Philip Morris International Inc. (NYSE:PM)

ST Germain D J Co. Inc. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,792 shares of the company’s stock after purchasing an additional 124 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Philip Morris International were worth $443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. NewSquare Capital LLC lifted its position in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Pacifica Partners Inc. grew its holdings in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 115 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Philip Morris International during the 4th quarter valued at approximately $36,000. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter worth approximately $33,000. Finally, Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $36,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley reiterated an “overweight” rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Needham & Company LLC initiated coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.20.

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 completion of the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at $4,103,610.88. The trade was a 12.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 0.2%

Shares of NYSE:PM opened at $182.42 on Wednesday. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The company has a market capitalization of $283.94 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 2.65 and a beta of 0.52. The firm’s 50-day moving average is $166.38 and its 200 day moving average is $146.52.

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

Philip Morris International Announces Dividend

The firm also recently disclosed 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 2.96%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

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.