TFB Advisors LLC Acquires Shares of 2,644 Philip Morris International Inc. (NYSE:PM)

TFB Advisors LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,644 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors have also added to or reduced their stakes in the company. Kessler Investment Group LLC purchased a new stake in Philip Morris International during the first quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after buying an additional 230 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $33,000. Northwest Financial Advisors purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $33,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $38,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.22.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred 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 owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 1.1 %

Shares of PM stock traded up $1.10 during trading on Wednesday, hitting $102.77. The company had a trading volume of 3,089,492 shares, compared to its average volume of 5,404,014. The stock’s 50-day moving average is $100.87 and its two-hundred day moving average is $95.33. The stock has a market capitalization of $159.76 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $104.90.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the business earned $1.38 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts predict 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 was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.