Simon Quick Advisors LLC Acquires 113 Shares of Philip Morris International Inc. (NYSE:PM)

Simon Quick Advisors LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,714 shares of the company’s stock after purchasing an additional 113 shares during the period. Simon Quick Advisors LLC’s holdings in Philip Morris International were worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Bank of Nova Scotia lifted its position in shares of Philip Morris International by 283.5% during the fourth quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock worth $111,583,000 after purchasing an additional 876,790 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Philip Morris International in the first quarter valued at about $5,634,000. Axxcess Wealth Management LLC raised its holdings in shares of Philip Morris International by 25.4% in the first quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock valued at $3,151,000 after acquiring an additional 6,974 shares in the last quarter. Nebula Research & Development LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at about $857,000. Finally, Pinebridge Investments L.P. grew its stake in Philip Morris International by 99.5% in the fourth quarter. Pinebridge Investments L.P. now owns 54,063 shares of the company’s stock valued at $5,087,000 after purchasing an additional 26,960 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Bank of America upped their target price on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays upped their target price on Philip Morris International from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. Stifel Nicolaus boosted their price target on Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.90.

Philip Morris International Trading Up 1.1 %

NYSE:PM traded up $1.42 during trading hours on Wednesday, hitting $127.13. The company had a trading volume of 611,997 shares, compared to its average volume of 5,268,654. The company has a 50-day moving average of $112.42 and a 200 day moving average of $101.64. The company has a market cap of $197.66 billion, a P/E ratio of 24.55, a P/E/G ratio of 2.41 and a beta of 0.58. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $127.29.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 EPS. On average, analysts forecast that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.09%. The ex-dividend date was Friday, June 21st. Philip Morris International’s payout ratio is 101.56%.

Insider Buying and Selling

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.