Philip Morris International Inc. (NYSE:PM) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 12.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,149 shares of the company’s stock after selling 163 shares during the period. ST Germain D J Co. Inc.’s holdings in Philip Morris International were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. GQG Partners LLC boosted its holdings in Philip Morris International by 5,006.0% in the 1st quarter. GQG Partners LLC now owns 5,958,391 shares of the company’s stock valued at $545,908,000 after purchasing an additional 5,841,696 shares in the last quarter. Capital Research Global Investors boosted its holdings in Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after buying an additional 4,869,272 shares in the last quarter. Lone Pine Capital LLC acquired a new position in Philip Morris International during the fourth quarter worth about $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in 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 buying an additional 2,123,311 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Philip Morris International by 5,045.1% in the first quarter. Van ECK Associates Corp now owns 2,122,729 shares of the company’s stock valued at $194,484,000 after buying an additional 2,081,472 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Philip Morris International Stock Performance

PM traded up $0.63 during trading on Tuesday, reaching $114.19. 6,274,484 shares of the company’s stock were exchanged, compared to its average volume of 5,443,429. The company’s fifty day moving average price is $105.11 and its 200-day moving average price is $97.43. The firm has a market capitalization of $177.51 billion, a PE ratio of 22.30, a P/E/G ratio of 2.35 and a beta of 0.58. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $119.06.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were issued a $1.30 dividend. The ex-dividend date was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.55%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Insider Buying and Selling at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.