Philip Morris International Inc. (NYSE:PM) Shares Sold by E&G Advisors LP

E&G Advisors LP reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,579 shares of the company’s stock after selling 180 shares during the period. E&G Advisors LP’s holdings in Philip Morris International were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after acquiring an additional 4,869,272 shares during the period. Wellington Management Group LLP boosted its position in shares of Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after purchasing an additional 3,121,732 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Philip Morris International by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock valued at $1,226,746,000 after purchasing an additional 125,919 shares during the period. Northern Trust Corp boosted its position in shares of Philip Morris International by 0.6% in the 4th quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock valued at $1,234,963,000 after purchasing an additional 77,820 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Philip Morris International by 25.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock valued at $996,104,000 after purchasing an additional 2,123,311 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $0.28 during trading on Wednesday, hitting $101.36. 1,647,837 shares of the stock traded hands, compared to its average volume of 5,438,788. The stock has a market cap of $157.57 billion, a P/E ratio of 19.89, a PEG ratio of 2.08 and a beta of 0.58. The company has a fifty day moving average price of $100.30 and a two-hundred day moving average price of $95.04. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The business 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%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 EPS. On average, equities research analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred 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 approximately $17,205,859.74. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PM. Stifel Nicolaus increased their price target 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 reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International currently has an average rating of “Hold” and a consensus price target of $104.22.

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.