MGO One Seven LLC Buys 193 Shares of Philip Morris International Inc. (NYSE:PM)

MGO One Seven LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,657 shares of the company’s stock after acquiring an additional 193 shares during the period. MGO One Seven LLC’s holdings in Philip Morris International were worth $2,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. XML Financial LLC boosted its holdings in shares of Philip Morris International by 0.9% in the 4th quarter. XML Financial LLC now owns 14,283 shares of the company’s stock valued at $1,344,000 after purchasing an additional 134 shares in the last quarter. Asset Allocation Strategies LLC boosted its holdings in shares of Philip Morris International by 4.0% in the 4th quarter. Asset Allocation Strategies LLC now owns 3,726 shares of the company’s stock valued at $351,000 after purchasing an additional 143 shares in the last quarter. Evercore Wealth Management LLC boosted its holdings in shares of Philip Morris International by 0.6% in the 4th quarter. Evercore Wealth Management LLC now owns 32,568 shares of the company’s stock valued at $3,064,000 after purchasing an additional 179 shares in the last quarter. Basso Capital Management L.P. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $80,000. Finally, Ossiam boosted its holdings in shares of Philip Morris International by 240.9% during the 4th quarter. Ossiam now owns 13,238 shares of the company’s stock valued at $1,245,000 after acquiring an additional 9,355 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PM shares. Stifel Nicolaus raised their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $105.50.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the company’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 value of $1,928,400.00. Following the completion of the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction 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 directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Down 0.8 %

PM stock traded down $0.86 during trading on Tuesday, reaching $102.82. 250,218 shares of the stock were exchanged, compared to its average volume of 5,444,252. The firm’s 50 day moving average is $96.89 and its 200 day moving average is $94.08. The firm has a market cap of $159.84 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90.

Philip Morris International (NYSE:PM) last issued 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. The firm had revenue of $8.79 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.38 EPS. As a group, analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

About Philip Morris International

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.