Duality Advisers LP Has $3.54 Million Stake in Philip Morris International Inc. (NYSE:PM)

Duality Advisers LP increased its stake in Philip Morris International Inc. (NYSE:PM) by 165.6% in the 1st quarter, Holdings Channel reports. The firm owned 38,644 shares of the company’s stock after purchasing an additional 24,093 shares during the period. Duality Advisers LP’s holdings in Philip Morris International were worth $3,541,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Kessler Investment Group LLC bought a new stake in shares of Philip Morris International in the 1st quarter worth approximately $25,000. Boyd Watterson Asset Management LLC OH lifted its position in 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 purchasing an additional 230 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International during the fourth quarter worth $33,000. Northwest Financial Advisors bought a new stake in Philip Morris International in the 4th quarter valued at $33,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their target price on shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Price Performance

Shares of PM stock traded up $1.57 during trading hours on Friday, hitting $106.57. 1,914,624 shares of the company’s stock were exchanged, compared to its average volume of 5,366,864. The stock’s 50-day moving average is $101.16 and its 200-day moving average is $95.45. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $106.61. The stock has a market cap of $165.67 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the company posted $1.38 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research 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 company also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio is 101.56%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company 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.