Philip Morris International Inc. (NYSE:PM) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. grew its stake in Philip Morris International Inc. (NYSE:PM) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,112 shares of the company’s stock after acquiring an additional 556 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Philip Morris International were worth $1,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. increased its position in shares of Philip Morris International by 15.4% during the 1st quarter. Meeder Asset Management Inc. now owns 3,006 shares of the company’s stock worth $275,000 after purchasing an additional 402 shares during the last quarter. Choate Investment Advisors increased its position in shares of Philip Morris International by 33.1% during the 1st quarter. Choate Investment Advisors now owns 5,364 shares of the company’s stock worth $491,000 after purchasing an additional 1,334 shares during the last quarter. Sfmg LLC increased its position in shares of Philip Morris International by 5.4% during the 1st quarter. Sfmg LLC now owns 5,679 shares of the company’s stock worth $520,000 after purchasing an additional 293 shares during the last quarter. Fiduciary Family Office LLC increased its position in shares of Philip Morris International by 69.3% during the 1st quarter. Fiduciary Family Office LLC now owns 22,456 shares of the company’s stock worth $2,057,000 after purchasing an additional 9,195 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Philip Morris International by 12.6% during the 1st quarter. Sei Investments Co. now owns 624,982 shares of the company’s stock worth $57,261,000 after purchasing an additional 69,875 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The stock was 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 of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

Shares of PM traded down $0.88 during midday trading on Monday, hitting $105.07. The company had a trading volume of 3,415,595 shares, compared to its average volume of 5,365,511. The company’s 50-day simple moving average is $101.49 and its 200-day simple moving average is $95.65. The firm has a market capitalization of $163.34 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.18 and a beta of 0.58. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $106.63.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 113.26% and a net margin of 8.58%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. Equities analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm 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 4.95%. The ex-dividend date was Friday, June 21st. Philip Morris International’s payout ratio is 101.56%.

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.