Philip Morris International Inc. (NYSE:PM) Shares Bought by SageView Advisory Group LLC

SageView Advisory Group LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 64.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,260 shares of the company’s stock after purchasing an additional 9,528 shares during the period. SageView Advisory Group LLC’s holdings in Philip Morris International were worth $2,226,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PFG Investments LLC boosted its stake in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares in the last quarter. CGC Financial Services LLC boosted its position in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after purchasing an additional 112 shares during the period. Bluesphere Advisors LLC boosted its position in shares of Philip Morris International by 0.7% in the 4th quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after purchasing an additional 113 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its position in shares of Philip Morris International by 0.4% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after purchasing an additional 113 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In related news, 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 transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Philip Morris International 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 sale, the insider now 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 is accessible through this link. Also, 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 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. In the last ninety days, insiders have sold 35,250 shares of company stock valued at $3,339,528. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $105.50.

View Our Latest Research Report on PM

Philip Morris International Stock Up 0.1 %

Shares of PM traded up $0.06 during midday trading on Friday, reaching $99.71. 1,530,532 shares of the stock were exchanged, compared to its average volume of 5,540,718. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.46. The firm has a 50 day simple moving average of $94.63 and a 200-day simple moving average of $93.18. The company has a market cap of $155.01 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.16 and a beta of 0.60.

Philip Morris International (NYSE:PMGet Free Report) last posted its quarterly earnings results 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. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the business earned $1.38 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Philip Morris International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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