Sage Mountain Advisors LLC Boosts Position in Philip Morris International Inc. (NYSE:PM)

Sage Mountain Advisors LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,519 shares of the company’s stock after purchasing an additional 566 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Philip Morris International were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake 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 acquiring an additional 3,121,732 shares during the period. Invesco Ltd. raised its stake in shares of Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after purchasing an additional 4,304,089 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Philip Morris International by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock worth $1,197,730,000 after acquiring an additional 87,946 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Philip Morris International by 3.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock worth $769,881,000 after purchasing an additional 299,005 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Philip Morris International by 0.3% in the 3rd quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock worth $630,108,000 after buying an additional 20,092 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction 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 sale, 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 Securities & Exchange Commission, which is available at this hyperlink. In other Philip Morris International news, 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 sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. 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 cut Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Argus reiterated 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 given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and an average target price of $105.40.

Philip Morris International Trading Down 0.5 %

PM stock opened at $93.55 on Tuesday. The company has a market capitalization of $145.43 billion, a P/E ratio of 18.74, a PEG ratio of 1.96 and a beta of 0.61. The firm has a 50 day simple moving average of $91.29 and a 200-day simple moving average of $92.06. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share 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 business had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Philip Morris International Inc. will post 6.38 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.56%. 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.