Maryland State Retirement & Pension System Has $11.37 Million Position in Philip Morris International Inc. (NYSE:PM)

Maryland State Retirement & Pension System raised its stake in Philip Morris International Inc. (NYSE:PM) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,822 shares of the company’s stock after purchasing an additional 1,286 shares during the period. Maryland State Retirement & Pension System’s holdings in Philip Morris International were worth $11,367,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after acquiring an additional 3,121,732 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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. Charles Schwab Investment Management Inc. raised its holdings in Philip Morris International by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock valued at $1,197,730,000 after buying an additional 87,946 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Philip Morris International by 3.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock valued at $769,881,000 after acquiring an additional 299,005 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Philip Morris International by 0.3% during the 3rd quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock worth $630,108,000 after purchasing an additional 20,092 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM stock traded up $0.14 during midday trading on Tuesday, reaching $97.59. 1,544,704 shares of the company traded hands, compared to its average volume of 5,695,724. The business has a 50 day moving average of $92.61 and a 200-day moving average of $92.35. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.70. The firm has a market capitalization of $151.71 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.08 and a beta of 0.60.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Research analysts anticipate that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.33%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PM shares. Societe Generale upgraded shares of 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. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus increased their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.50.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Werner Barth sold 5,000 shares of Philip Morris International 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 sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,250 shares of company stock worth $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.