Delta Asset Management LLC TN Buys 131 Shares of Philip Morris International Inc. (NYSE:PM)

Delta Asset Management LLC TN boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,302 shares of the company’s stock after buying an additional 131 shares during the period. Delta Asset Management LLC TN’s holdings in Philip Morris International were worth $687,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after acquiring an additional 4,304,089 shares during the last quarter. Wellington Management Group LLP boosted 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 acquiring an additional 3,121,732 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Philip Morris International by 25.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after purchasing an additional 2,123,311 shares during the period. Boston Partners raised its position in shares of Philip Morris International by 38.5% during the third quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after purchasing an additional 1,372,520 shares during the period. Finally, London Co. of Virginia raised its position in shares of Philip Morris International by 52.2% during the third quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock worth $287,956,000 after purchasing an additional 1,066,871 shares during the period. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PM shares. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. Finally, Stifel Nicolaus boosted their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One equities research 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.50.

Insider Buying and Selling

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock valued at $3,339,528 over the last quarter. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Trading Up 0.8 %

Shares of NYSE:PM traded up $0.84 on Wednesday, reaching $101.07. 4,407,522 shares of the company traded hands, compared to its average volume of 5,591,845. The stock has a market capitalization of $157.12 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.12 and a beta of 0.60. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.46. The business’s 50-day simple moving average is $94.40 and its 200 day simple moving average is $93.07.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the business earned $1.38 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Philip Morris International Inc. will post 6.29 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. Stockholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.14%. 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.