Philip Morris International Inc. (NYSE:PM) Shares Bought by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,792 shares of the company’s stock after purchasing an additional 193 shares during the period. Capital Advisors Ltd. LLC’s holdings in Philip Morris International were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Bank of Nova Scotia increased its holdings in shares of Philip Morris International by 283.5% in the 4th quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock valued at $111,583,000 after acquiring an additional 876,790 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in Philip Morris International by 2.3% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after buying an additional 13,416 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new position in Philip Morris International during the 4th quarter worth approximately $1,251,000. Nebula Research & Development LLC purchased a new position in Philip Morris International during the 4th quarter worth approximately $857,000. Finally, AJOVista LLC purchased a new position in Philip Morris International during the 4th quarter worth approximately $137,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research reports. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus lifted 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $104.22.

Philip Morris International Stock Performance

PM stock traded up $0.39 during midday trading on Tuesday, hitting $101.64. 2,898,444 shares of the stock were exchanged, compared to its average volume of 5,460,981. The stock’s 50-day moving average price is $100.22 and its 200-day moving average price is $94.99. The stock has a market cap of $158.01 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $104.90.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 earnings per share. Research analysts anticipate that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.12%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Philip Morris International 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.