AJOVista LLC Purchases New Position in Philip Morris International Inc. (NYSE:PM)

AJOVista LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,454 shares of the company’s stock, valued at approximately $137,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. PFG Investments LLC boosted its position in Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares in the last quarter. CGC Financial Services LLC grew its position in Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after acquiring an additional 110 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Philip Morris International by 0.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after acquiring an additional 112 shares during the last quarter. Bluesphere Advisors LLC raised its position in Philip Morris International by 0.7% in the 4th quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after purchasing an additional 113 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. raised its position in Philip Morris International by 0.4% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after purchasing an additional 113 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $0.09 on Friday, hitting $97.40. 5,611,928 shares of the company’s stock traded hands, compared to its average volume of 6,838,263. The firm’s 50-day moving average price is $92.47 and its two-hundred day moving average price is $92.31. The stock has a market capitalization of $151.41 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.70.

Philip Morris International (NYSE:PM) last released 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 during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is presently 101.56%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PM. Stifel Nicolaus raised their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. 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’s stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and a consensus target price of $105.50.

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.