Y.D. More Investments Ltd Acquires New Holdings in Philip Morris International Inc. (NYSE:PM)

Y.D. More Investments Ltd acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,357 shares of the company’s stock, valued at approximately $138,000.

A number of other institutional investors have also made changes to their positions in the stock. Longfellow Investment Management Co. LLC raised its stake in shares of Philip Morris International by 0.7% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 12,888 shares of the company’s stock valued at $1,306,000 after acquiring an additional 88 shares in the last quarter. Dearborn Partners LLC raised its stake in shares of Philip Morris International by 3.2% in the 2nd quarter. Dearborn Partners LLC now owns 2,867 shares of the company’s stock valued at $291,000 after acquiring an additional 89 shares in the last quarter. LRI Investments LLC raised its stake in shares of Philip Morris International by 1.5% in the 2nd quarter. LRI Investments LLC now owns 6,287 shares of the company’s stock valued at $637,000 after acquiring an additional 92 shares in the last quarter. Cahill Financial Advisors Inc. raised its stake in shares of Philip Morris International by 4.5% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 2,294 shares of the company’s stock valued at $232,000 after acquiring an additional 99 shares in the last quarter. Finally, Bar Harbor Wealth Management raised its stake in shares of Philip Morris International by 2.6% in the 2nd quarter. Bar Harbor Wealth Management now owns 3,919 shares of the company’s stock valued at $397,000 after acquiring an additional 100 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on 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 in the company, valued at $17,906,095.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 0.5 %

Shares of NYSE PM opened at $124.65 on Friday. The business has a fifty day simple moving average of $115.84 and a 200 day simple moving average of $103.21. The firm has a market capitalization of $193.78 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.45 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $128.22.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the company posted $1.60 earnings per share. Philip Morris International’s revenue was up 5.6% on a year-over-year basis. On average, research analysts anticipate that Philip Morris International Inc. will post 6.47 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio is presently 101.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PM shares. Deutsche Bank Aktiengesellschaft raised their price objective on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Barclays upped their price target on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group upped their price target on Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a report on Monday. Finally, Stifel Nicolaus upped their price target on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $117.05.

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.