1,549 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Bfsg LLC

Bfsg LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,549 shares of the company’s stock, valued at approximately $146,000.

Other large investors have also recently bought and sold shares of the company. PFG Investments LLC lifted its holdings in Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after acquiring an additional 109 shares during the last quarter. Townsend Asset Management Corp NC ADV grew its holdings in Philip Morris International by 3.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after purchasing an additional 110 shares during the last quarter. CGC Financial Services LLC grew its holdings in Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after purchasing an additional 112 shares during the last quarter. Finally, Apexium Financial LP grew its holdings in Philip Morris International by 4.9% during the third quarter. Apexium Financial LP now owns 2,467 shares of the company’s stock valued at $229,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PM. 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 research note on Tuesday, February 13th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Price Performance

Philip Morris International stock traded down $2.65 during midday trading on Thursday, hitting $96.37. The company’s stock had a trading volume of 2,199,643 shares, compared to its average volume of 5,708,170. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.79. The company has a 50-day moving average price of $91.65 and a two-hundred day moving average price of $92.15. The company has a market cap of $149.81 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.05 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 6.33 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 issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.40%. Philip Morris International’s payout ratio is 101.56%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’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 completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated 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 sale, 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. Over the last 90 days, insiders sold 15,250 shares of company stock worth $1,411,128. 0.13% of the stock is owned by company insiders.

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.