Meixler Investment Management Ltd. Grows Stock Position in Philip Morris International Inc. (NYSE:PM)

Meixler Investment Management Ltd. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,546 shares of the company’s stock after buying an additional 1,635 shares during the period. Philip Morris International makes up approximately 2.0% of Meixler Investment Management Ltd.’s holdings, making the stock its 11th largest holding. Meixler Investment Management Ltd.’s holdings in Philip Morris International were worth $2,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. Invesco Ltd. boosted its position in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after purchasing an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP raised its stake in Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after buying an additional 3,121,732 shares during the last quarter. Boston Partners raised its stake in Philip Morris International by 38.5% in the third quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after buying an additional 1,372,520 shares during the last quarter. London Co. of Virginia raised its stake in Philip Morris International by 52.2% in the third quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock valued at $287,956,000 after buying an additional 1,066,871 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Philip Morris International by 24.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock valued at $448,246,000 after buying an additional 958,894 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock valued at $3,339,528 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PM. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Stifel Nicolaus raised their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group cut 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. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.50.

Philip Morris International Stock Performance

Shares of NYSE:PM traded down $1.07 on Friday, hitting $95.02. 5,391,012 shares of the company’s stock were exchanged, compared to its average volume of 6,541,754. The firm’s 50-day moving average is $91.90 and its 200 day moving average is $92.18. The company has a market capitalization of $147.71 billion, a PE ratio of 18.56, a P/E/G ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.79.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the firm posted $1.38 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 6.3 EPS 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. Shareholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.47%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 101.56%.

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.