Philip Morris International Inc. (NYSE:PM) Stock Position Lifted by Applied Capital LLC FL

Applied Capital LLC FL lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,688 shares of the company’s stock after purchasing an additional 415 shares during the quarter. Applied Capital LLC FL’s holdings in Philip Morris International were worth $1,529,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. PFG Investments LLC lifted its holdings in shares of Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares during the period. CGC Financial Services LLC grew its stake in Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after acquiring an additional 110 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Philip Morris International by 0.3% in the 3rd 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 period. Bluesphere Advisors LLC lifted its position in shares of Philip Morris International by 0.7% in the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock worth $1,599,000 after purchasing an additional 113 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. increased its stake in Philip Morris International by 0.4% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after buying an additional 113 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM traded up $0.21 during trading hours on Tuesday, hitting $101.46. 1,713,603 shares of the stock were exchanged, compared to its average volume of 5,451,074. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90. The company’s 50 day moving average is $100.08 and its 200 day moving average is $94.94. The firm has a market capitalization of $157.73 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.08 and a beta of 0.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the company earned $1.38 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.13%. Philip Morris International’s payout ratio is 101.56%.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. 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 note on Wednesday, April 24th. Argus reaffirmed 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 assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.22.

Philip Morris International 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.