Philip Morris International Inc. (NYSE:PM) Shares Acquired by D.B. Root & Company LLC

D.B. Root & Company LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 246.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,227 shares of the company’s stock after acquiring an additional 6,562 shares during the period. D.B. Root & Company LLC’s holdings in Philip Morris International were worth $845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the fourth quarter valued at $33,000. Northwest Financial Advisors purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $33,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Philip Morris International during the fourth quarter worth about $38,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International during the fourth quarter valued at approximately $39,000. Finally, Quarry LP raised its position in Philip Morris International by 307.5% during the fourth quarter. Quarry LP now owns 436 shares of the company’s stock valued at $41,000 after acquiring an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.2 %

NYSE PM traded down $0.24 on Friday, reaching $101.33. The stock had a trading volume of 7,299,472 shares, compared to its average volume of 5,042,973. The stock has a fifty day moving average price of $100.08 and a two-hundred day moving average price of $94.94. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The firm has a market capitalization of $157.52 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.08 and a beta of 0.57.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS 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 the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Sell-side analysts forecast that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors 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 yield of 5.13%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s payout ratio is 101.56%.

Wall Street Analyst Weigh In

PM has been the topic of several recent analyst reports. 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 report on Wednesday, April 24th. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of “Hold” and an average price target of $104.22.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.