Rehmann Capital Advisory Group Has $1.21 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Rehmann Capital Advisory Group raised its position in Philip Morris International Inc. (NYSE:PM) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,009 shares of the company’s stock after acquiring an additional 376 shares during the period. Rehmann Capital Advisory Group’s holdings in Philip Morris International were worth $1,205,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PM. Kitching Partners LLC bought a new position in Philip Morris International in the fourth quarter valued at approximately $253,000. Kapitalo Investimentos Ltda acquired a new position in Philip Morris International in the 4th quarter valued at about $150,000. Voleon Capital Management LP acquired a new stake in Philip Morris International during the fourth quarter worth approximately $6,091,000. Schonfeld Strategic Advisors LLC boosted its stake in Philip Morris International by 149.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 104,073 shares of the company’s stock valued at $12,525,000 after purchasing an additional 62,323 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of Philip Morris International in the fourth quarter valued at about $12,200,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.7 %

PM stock opened at $171.48 on Thursday. The firm has a market cap of $266.91 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.65 and a beta of 0.46. The company’s fifty day simple moving average is $156.62 and its 200 day simple moving average is $138.61. Philip Morris International Inc. has a 12-month low of $94.63 and a 12-month high of $172.03.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 earnings per share. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PM. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley restated an “overweight” rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Citigroup boosted their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Finally, Barclays lifted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.00.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last three months. Corporate insiders own 0.13% of the company’s stock.

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.