Philip Morris International Inc. (NYSE:PM) Shares Acquired by Mather Group LLC.

Mather Group LLC. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 23.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,142 shares of the company’s stock after acquiring an additional 1,932 shares during the period. Mather Group LLC.’s holdings in Philip Morris International were worth $954,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Invesco Ltd. increased its holdings in shares of Philip Morris International by 33.5% in the 3rd 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 increased its holdings 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 in the last quarter. Boston Partners lifted its position in shares of Philip Morris International by 38.5% during the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after acquiring an additional 1,372,520 shares during the period. London Co. of Virginia grew its holdings in shares of Philip Morris International by 52.2% in the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock worth $287,956,000 after acquiring an additional 1,066,871 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Philip Morris International by 24.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock valued at $448,246,000 after purchasing an additional 958,894 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PM. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Stifel Nicolaus raised their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Performance

Shares of PM opened at $94.94 on Wednesday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The company’s 50 day simple moving average is $92.12 and its 200 day simple moving average is $92.22. The company has a market capitalization of $147.59 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.02 and a beta of 0.61.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 EPS. Equities analysts expect that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.48%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insider Transactions at Philip Morris International

In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is currently owned by insiders.

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.