Philip Morris International (NYSE:PM) Sets New 12-Month High at $104.91

Philip Morris International Inc. (NYSE:PM) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $104.91 and last traded at $104.76, with a volume of 2041068 shares trading hands. The stock had previously closed at $102.76.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International has an average rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Performance

The firm has a market capitalization of $163.23 billion, a P/E ratio of 20.35, a P/E/G ratio of 2.11 and a beta of 0.58. The stock has a 50 day moving average of $101.01 and a two-hundred day moving average of $95.38.

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 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 business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the company earned $1.38 earnings per share. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Friday, June 21st. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its position in shares of Philip Morris International by 2.0% during the 3rd quarter. GSA Capital Partners LLP now owns 7,617 shares of the company’s stock worth $705,000 after purchasing an additional 146 shares in the last quarter. Fragasso Group Inc. increased its position in Philip Morris International by 4.6% in the 3rd quarter. Fragasso Group Inc. now owns 2,669 shares of the company’s stock valued at $247,000 after acquiring an additional 117 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Philip Morris International in the third quarter worth about $4,795,000. Headinvest LLC acquired a new position in shares of Philip Morris International during the third quarter worth approximately $106,000. Finally, GoalVest Advisory LLC grew its stake in shares of Philip Morris International by 15.5% during the fourth quarter. GoalVest Advisory LLC now owns 9,313 shares of the company’s stock valued at $876,000 after purchasing an additional 1,247 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

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.