Philip Morris International Inc. (NYSE:PM) Position Increased by Spire Wealth Management

Spire Wealth Management lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,156 shares of the company’s stock after buying an additional 292 shares during the quarter. Spire Wealth Management’s holdings in Philip Morris International were worth $1,953,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its stake in shares of Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after purchasing an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP increased 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 valued at $2,575,742,000 after purchasing an additional 3,121,732 shares during the period. Boston Partners lifted its holdings in shares of 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 period. London Co. of Virginia boosted its position in shares of Philip Morris International by 52.2% during the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock valued at $287,956,000 after purchasing an additional 1,066,871 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position 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 worth $448,246,000 after buying an additional 958,894 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were 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 in the company, valued at $17,205,859.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. 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 owned by corporate insiders.

Philip Morris International Stock Up 0.9 %

Shares of PM traded up $0.85 during midday trading on Tuesday, reaching $98.30. 196,486 shares of the stock were exchanged, compared to its average volume of 5,681,573. The company has a market cap of $152.81 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 Inc. has a 12-month low of $87.23 and a 12-month high of $100.70. The firm has a 50 day simple moving average of $92.61 and a 200-day simple moving average of $92.35.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The company 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 8.58% and a negative return on equity of 113.26%. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 EPS. Research analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given 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 dividend yield of 5.29%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Philip Morris International 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.