Hyman Charles D Purchases 7,262 Shares of Philip Morris International Inc. (NYSE:PM)

Hyman Charles D raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 11.0% in the fourth quarter, HoldingsChannel reports. The firm owned 73,457 shares of the company’s stock after acquiring an additional 7,262 shares during the period. Hyman Charles D’s holdings in Philip Morris International were worth $6,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. Everpar Advisors LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $818,000. Barlow Wealth Partners Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $320,000. Charles Schwab Investment Management Inc. raised its position in shares of Philip Morris International by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after acquiring an additional 125,919 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Philip Morris International by 5.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,582 shares of the company’s stock worth $2,031,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in Philip Morris International by 13.5% during the 4th quarter. Apollon Wealth Management LLC now owns 42,373 shares of the company’s stock worth $3,986,000 after buying an additional 5,031 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.8 %

Shares of PM stock traded up $0.74 on Wednesday, hitting $98.27. The company had a trading volume of 5,784,341 shares, compared to its average volume of 5,725,320. The firm has a market cap of $152.77 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60. The company has a 50-day moving average price of $92.76 and a 200-day moving average price of $92.38. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70.

Philip Morris International (NYSE:PM) last issued 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. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. Equities research analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.29%. Philip Morris International’s payout ratio is 101.56%.

Analyst Ratings Changes

PM has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price 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. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One 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. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Hold” and an average target price of $105.50.

Insider Buying and Selling

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The shares were 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 of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is owned by company insiders.

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.