Philip Morris International Inc. (NYSE:PM) Shares Purchased by Syon Capital LLC

Syon Capital LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 41.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,407 shares of the company’s stock after purchasing an additional 2,780 shares during the period. Syon Capital LLC’s holdings in Philip Morris International were worth $885,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Disciplined Equity Management Inc. raised its holdings in Philip Morris International by 4.0% in the 4th quarter. Disciplined Equity Management Inc. now owns 10,480 shares of the company’s stock valued at $986,000 after acquiring an additional 400 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Philip Morris International by 5.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,122 shares of the company’s stock worth $3,210,000 after buying an additional 1,666 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Philip Morris International by 5.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 74,364 shares of the company’s stock worth $7,028,000 after buying an additional 3,818 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth $146,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth $727,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,250 shares of company stock valued at $1,411,128. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.50.

Philip Morris International Trading Down 1.1 %

NYSE:PM traded down $1.07 on Friday, reaching $95.02. The stock had a trading volume of 5,389,776 shares, compared to its average volume of 5,771,702. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $100.79. The company has a 50-day moving average of $91.79 and a 200 day moving average of $92.18. The stock has a market cap of $147.71 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.47%. Philip Morris International’s payout ratio is 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.