Philip Morris International Inc. (NYSE:PM) Shares Bought by Xponance Inc.

Xponance Inc. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,309 shares of the company’s stock after acquiring an additional 6,303 shares during the quarter. Xponance Inc.’s holdings in Philip Morris International were worth $16,211,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in Philip Morris International by 100,700.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock worth $1,582,939,000 after acquiring an additional 15,624,628 shares in the last quarter. Invesco Ltd. grew its holdings in Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after buying an additional 4,304,089 shares during the last quarter. Wellington Management Group LLP grew its holdings in Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after buying an additional 3,121,732 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Philip Morris International by 122.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock worth $247,294,000 after acquiring an additional 1,446,567 shares during the period. Finally, Boston Partners lifted its position in shares of Philip Morris International by 38.5% in the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after acquiring an additional 1,372,520 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.7 %

Shares of PM traded up $0.62 during mid-day trading on Thursday, reaching $91.20. 4,041,590 shares of the stock traded hands, compared to its average volume of 5,475,415. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92. The firm has a fifty day moving average price of $91.07 and a 200 day moving average price of $92.02. The company has a market cap of $141.77 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.70%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 103.59%.

Insider Activity at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s 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 sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock worth $1,411,128 over the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PM. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $105.40.

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.