Norden Group LLC Has $1.26 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Norden Group LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,363 shares of the company’s stock after acquiring an additional 206 shares during the period. Norden Group LLC’s holdings in Philip Morris International were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PM. Invesco Ltd. grew 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 during the period. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 3,121,732 shares during the period. Boston Partners lifted its stake in shares of Philip Morris International by 38.5% during the 3rd 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 in the last quarter. London Co. of Virginia lifted its stake in shares of 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 buying an additional 1,066,871 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Philip Morris International by 24.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock valued at $448,246,000 after buying an additional 958,894 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly 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 have sold a total of 35,250 shares of company stock worth $3,339,528 over the last quarter. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent research reports. Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $105.50.

Philip Morris International Stock Down 0.1 %

Shares of NYSE PM traded down $0.13 during midday trading on Tuesday, hitting $95.47. The stock had a trading volume of 3,458,304 shares, compared to its average volume of 5,714,610. The business’s 50 day moving average is $92.02 and its 200-day moving average is $92.20. The company has a market cap of $148.41 billion, a P/E ratio of 18.53, a PEG ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.79.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share. As a group, analysts expect that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business 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 of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.45%. Philip Morris International’s dividend payout ratio (DPR) 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.