Philip Morris International Inc. (NYSE:PM) Shares Acquired by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,546 shares of the company’s stock after acquiring an additional 1,635 shares during the period. Philip Morris International makes up approximately 2.0% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 11th largest position. Meixler Investment Management Ltd.’s holdings in Philip Morris International were worth $2,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PM. Wellington Management Group LLP boosted its holdings in Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. Invesco Ltd. raised its position in shares of Philip Morris International by 33.5% during the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after acquiring an additional 4,304,089 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Philip Morris International by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock worth $1,197,730,000 after buying an additional 87,946 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Philip Morris International by 3.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock worth $769,881,000 after buying an additional 299,005 shares during the period. Finally, Royal Bank of Canada increased its position in Philip Morris International by 0.3% in the third quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock worth $630,108,000 after buying an additional 20,092 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM traded down $1.07 during trading on Friday, reaching $95.02. The company had a trading volume of 5,391,012 shares, compared to its average volume of 6,541,754. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.79. The company has a market cap of $147.71 billion, a P/E ratio of 18.56, a PEG ratio of 2.01 and a beta of 0.61. The business’s fifty day moving average price is $91.90 and its 200 day moving average price is $92.18.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm 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 business posted $1.38 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.47%. Philip Morris International’s dividend payout ratio is 101.56%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PM shares. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research note on Tuesday, February 13th. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.50.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,250 shares of company stock valued at $3,339,528. 0.13% of the stock is currently owned by corporate insiders.

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.