Transcend Capital Advisors LLC Has $869,000 Stake in Philip Morris International Inc. (NYSE:PM)

Transcend Capital Advisors LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 17.5% during the second quarter, HoldingsChannel.com reports. The fund owned 8,572 shares of the company’s stock after purchasing an additional 1,276 shares during the period. Transcend Capital Advisors LLC’s holdings in Philip Morris International were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Kessler Investment Group LLC bought a new stake in Philip Morris International during the 1st quarter valued at approximately $25,000. Boyd Watterson Asset Management LLC OH boosted its stake in Philip Morris International by 250.0% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International during the 4th quarter valued at approximately $33,000. Northwest Financial Advisors bought a new stake in Philip Morris International during the 4th quarter valued at approximately $33,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Philip Morris International during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on PM shares. Stifel Nicolaus raised their price objective on Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Bank of America raised their price objective on Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $107.80.

Insider Activity at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 2.6 %

PM stock traded down $3.01 during midday trading on Monday, reaching $114.81. 3,796,529 shares of the company’s stock traded hands, compared to its average volume of 5,390,294. The company has a 50-day simple moving average of $104.84 and a two-hundred day simple moving average of $97.29. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $119.06. The company has a market cap of $178.48 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.35 and a beta of 0.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the firm posted $1.60 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that Philip Morris International Inc. will post 6.41 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 4.53%. Philip Morris International’s dividend payout ratio is 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.