Philip Morris International Inc. (NYSE:PM) Stock Holdings Lifted by HF Advisory Group LLC

HF Advisory Group LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,858 shares of the company’s stock after acquiring an additional 836 shares during the quarter. HF Advisory Group LLC’s holdings in Philip Morris International were worth $739,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Waterfront Wealth Inc. boosted its position in Philip Morris International by 2.3% during the fourth quarter. Waterfront Wealth Inc. now owns 11,824 shares of the company’s stock valued at $1,112,000 after purchasing an additional 271 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Philip Morris International by 5.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 147,436 shares of the company’s stock worth $13,871,000 after purchasing an additional 7,591 shares in the last quarter. KLCM Advisors Inc. lifted its holdings in shares of Philip Morris International by 25.9% during the 4th quarter. KLCM Advisors Inc. now owns 16,737 shares of the company’s stock valued at $1,575,000 after buying an additional 3,445 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $72,000. Finally, Tyche Wealth Partners LLC acquired a new position in Philip Morris International in the fourth quarter worth approximately $1,885,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value 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. Insiders have sold a total of 15,250 shares of company stock worth $1,411,128 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, 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 report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $105.40.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $0.14 during midday trading on Thursday, reaching $90.72. 667,313 shares of the company’s stock were exchanged, compared to its average volume of 5,428,677. The company’s 50 day simple moving average is $91.07 and its two-hundred day simple moving average is $92.02. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.92. The firm has a market capitalization of $141.03 billion, a PE 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 released its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.73%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio 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.