Skyline Advisors Inc. Takes Position in Philip Morris International Inc. (NYSE:PM)

Skyline Advisors Inc. acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,837 shares of the company’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Nova Scotia boosted its holdings in shares of Philip Morris International by 283.5% in the fourth quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock valued at $111,583,000 after acquiring an additional 876,790 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after purchasing an additional 13,416 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new position in Philip Morris International in the 4th quarter worth approximately $1,251,000. Nebula Research & Development LLC acquired a new position in Philip Morris International in the 4th quarter worth approximately $857,000. Finally, AJOVista LLC acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $137,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has a consensus 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 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 transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Philip Morris International Trading Down 0.1 %

PM traded down $0.15 during trading on Monday, hitting $102.05. The stock had a trading volume of 4,704,822 shares, compared to its average volume of 5,448,971. The firm has a market cap of $158.64 billion, a PE ratio of 19.93, a P/E/G ratio of 2.10 and a beta of 0.57. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $104.90. The company has a 50 day simple moving average of $98.09 and a 200-day simple moving average of $94.39.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.10%. Philip Morris International’s payout ratio is 101.56%.

About Philip Morris International

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.