Quotient Wealth Partners LLC Acquires New Stake in Philip Morris International Inc. (NYSE:PM)

Quotient Wealth Partners LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PMFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,917 shares of the company’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its position in Philip Morris International by 33.5% during the third 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 during the last quarter. Wellington Management Group LLP increased its position in Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after buying an additional 3,121,732 shares in the last quarter. Boston Partners raised its stake in Philip Morris International by 38.5% in the third quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after buying an additional 1,372,520 shares during the last quarter. London Co. of Virginia increased its stake in Philip Morris International by 52.2% during the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock valued at $287,956,000 after purchasing an additional 1,066,871 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Philip Morris International by 24.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock worth $448,246,000 after buying an additional 958,894 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock valued at $3,339,528 over the last quarter. Company insiders own 0.14% of the company’s stock.

Philip Morris International Price Performance

PM traded up $0.31 during midday trading on Wednesday, reaching $100.15. 957,999 shares of the company’s stock were exchanged, compared to its average volume of 5,591,029. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.70. The business’s 50-day moving average price is $93.67 and its 200 day moving average price is $92.72. The stock has a market capitalization of $155.69 billion, a PE ratio of 19.52, a P/E/G ratio of 2.12 and a beta of 0.60.

Philip Morris International (NYSE:PMGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PM. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.50.

Check Out Our Latest Stock Analysis on Philip Morris International

Philip Morris International Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PMFree Report).

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.