Capital International Ltd. CA Raises Stock Position in Philip Morris International Inc. (NYSE:PM)

Capital International Ltd. CA lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,205 shares of the company’s stock after purchasing an additional 2,247 shares during the period. Capital International Ltd. CA’s holdings in Philip Morris International were worth $6,229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jump Financial LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at approximately $472,000. Dorsey & Whitney Trust CO LLC raised its position in Philip Morris International by 14.8% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 9,832 shares of the company’s stock worth $910,000 after acquiring an additional 1,264 shares in the last quarter. Spire Wealth Management increased its position in shares of Philip Morris International by 1.6% in the third quarter. Spire Wealth Management now owns 20,864 shares of the company’s stock valued at $1,932,000 after buying an additional 322 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Philip Morris International by 4.1% in the third quarter. Atria Wealth Solutions Inc. now owns 70,546 shares of the company’s stock valued at $6,560,000 after buying an additional 2,774 shares in the last quarter. Finally, Soltis Investment Advisors LLC increased its position in shares of Philip Morris International by 5.7% in the third quarter. Soltis Investment Advisors LLC now owns 5,802 shares of the company’s stock valued at $537,000 after buying an additional 314 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus raised their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has an average rating of “Hold” and a consensus target price of $105.50.

Insider Activity

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of 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 filing with the SEC, which is available through the SEC website. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated 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 owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,250 shares of company stock worth $3,158,148. 0.14% of the stock is owned by corporate insiders.

Philip Morris International Stock Up 0.2 %

Shares of PM traded up $0.22 during mid-day trading on Wednesday, hitting $104.01. The stock had a trading volume of 1,743,686 shares, compared to its average volume of 5,506,161. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $104.15. The company has a market cap of $161.69 billion, a PE ratio of 20.26, a PEG ratio of 2.20 and a beta of 0.57. The company’s fifty day simple moving average is $95.91 and its two-hundred day simple moving average is $93.78.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS 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 for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 EPS. The company’s quarterly 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.00%. 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

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.