Financial Management Professionals Inc. Boosts Stake in Philip Morris International Inc. (NYSE:PM)

Financial Management Professionals Inc. raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,329 shares of the company’s stock after acquiring an additional 397 shares during the period. Financial Management Professionals Inc.’s holdings in Philip Morris International were worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tennessee Valley Asset Management Partners bought a new position in Philip Morris International in the 4th quarter worth approximately $33,000. Northwest Financial Advisors bought a new position in Philip Morris International in the 4th quarter worth approximately $33,000. Ables Iannone Moore & Associates Inc. bought a new position in Philip Morris International in the 4th quarter worth approximately $38,000. Wetzel Investment Advisors Inc. bought a new position in Philip Morris International in the 4th quarter worth approximately $39,000. Finally, Quarry LP grew its holdings in Philip Morris International by 307.5% in the 4th quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after buying an additional 329 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PM shares. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus upped their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $101.39 on Friday. The company has a market capitalization of $157.62 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. The stock has a fifty day moving average of $100.08 and a 200-day moving average of $94.93. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. As a group, research analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

About Philip Morris International

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.