Fidelis Capital Partners LLC Has $689,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Fidelis Capital Partners LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 90.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,326 shares of the company’s stock after buying an additional 3,486 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Philip Morris International were worth $689,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PM. Headlands Technologies LLC acquired a new stake in Philip Morris International in the 3rd quarter valued at $27,000. PCA Investment Advisory Services Inc. acquired a new stake in Philip Morris International in the 2nd quarter valued at $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the 4th quarter valued at $33,000. Legacy Financial Group LLC acquired a new stake in Philip Morris International in the 3rd quarter valued at $37,000. Finally, Studio Investment Management LLC boosted its stake in Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM stock traded up $1.00 on Friday, reaching $92.20. 892,604 shares of the stock were exchanged, compared to its average volume of 5,413,241. The stock has a market cap of $143.33 billion, a PE ratio of 18.36, a P/E/G ratio of 1.89 and a beta of 0.61. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The stock has a 50 day moving average price of $91.11 and a 200 day moving average price of $92.01.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. On average, research analysts expect that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.64%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. Finally, UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.40.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,250 shares of company stock worth $1,411,128. 0.13% of the stock is owned by insiders.

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.