Philip Morris International Inc. (NYSE:PM) Shares Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,172 shares of the company’s stock after purchasing an additional 492 shares during the quarter. Flputnam Investment Management Co.’s holdings in Philip Morris International were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in Philip Morris International in the 3rd quarter valued at $27,000. PCA Investment Advisory Services Inc. purchased a new stake in shares of Philip Morris International during the 2nd quarter worth $27,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International during the 4th quarter worth $33,000. Legacy Financial Group LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth $37,000. Finally, Studio Investment Management LLC raised its stake in shares of Philip Morris International by 33.8% during the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Societe Generale upgraded shares of 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. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $105.40.

Insider Activity

In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was 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 directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction 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 directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the firm’s 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 in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last three months, insiders sold 15,250 shares of company stock worth $1,411,128. 0.13% of the stock is currently owned by insiders.

Philip Morris International Stock Up 1.2 %

Shares of NYSE:PM opened at $90.59 on Thursday. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92. The company has a 50 day moving average of $91.07 and a two-hundred day moving average of $92.02. The company has a market capitalization of $140.83 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 issued its quarterly earnings data 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). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the business earned $1.39 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced 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 5.74%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 103.59%.

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.