Cape Investment Advisory Inc. Buys 1,044 Shares of Philip Morris International Inc. (NYSE:PM)

Cape Investment Advisory Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 40.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,630 shares of the company’s stock after acquiring an additional 1,044 shares during the period. Cape Investment Advisory Inc.’s holdings in Philip Morris International were worth $341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Philip Morris International in the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International in the fourth quarter valued at approximately $33,000. Northwest Financial Advisors acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $39,000. Finally, McClarren Financial Advisors Inc. grew its position in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $0.28 on Friday, hitting $99.93. The stock had a trading volume of 4,053,913 shares, compared to its average volume of 4,802,444. The stock has a 50 day moving average of $94.74 and a 200 day moving average of $93.25. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $101.46. The firm has a market capitalization of $155.35 billion, a P/E ratio of 19.52, a PEG ratio of 2.13 and a beta of 0.60.

Philip Morris International (NYSE:PMGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $1.38 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is presently 101.56%.

Insider Activity at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of the company’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 sale, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Werner Barth sold 5,000 shares of the company’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 in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PM. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus upped their target price 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. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.50.

Get Our Latest Report on PM

About Philip Morris International

(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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