Roble Belko & Company Inc Buys 1,000 Shares of Philip Morris International Inc. (NYSE:PM)

Roble Belko & Company Inc boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 71.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,400 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Roble Belko & Company Inc’s holdings in Philip Morris International were worth $226,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Philip Morris International by 12.6% in the third 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 in the last quarter. Invesco Ltd. boosted its holdings in Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after acquiring an additional 4,304,089 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 87,946 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings 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 acquiring an additional 299,005 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings 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 acquiring an additional 20,092 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction 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 completion of 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 SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 in the last three months. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Price Performance

PM stock traded up $0.30 during trading on Monday, hitting $94.07. 8,655,953 shares of the company traded hands, compared to its average volume of 5,558,729. The stock’s 50-day simple moving average is $91.29 and its 200 day simple moving average is $92.06. The company has a market cap of $146.24 billion, a PE ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 0.61. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 earnings per share. Research analysts expect that Philip Morris International Inc. will post 6.38 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is currently 103.59%.

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.