Philip Morris International Inc. (NYSE:PM) Shares Purchased by NS Partners Ltd

NS Partners Ltd boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,974 shares of the company’s stock after acquiring an additional 1,196 shares during the period. NS Partners Ltd’s holdings in Philip Morris International were worth $11,044,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Covestor Ltd boosted its holdings in Philip Morris International by 119.4% in the first quarter. Covestor Ltd now owns 1,051 shares of the company’s stock valued at $96,000 after purchasing an additional 572 shares in the last quarter. Seven Eight Capital LP lifted its position in shares of Philip Morris International by 120.7% during the 1st quarter. Seven Eight Capital LP now owns 8,719 shares of the company’s stock worth $799,000 after buying an additional 4,768 shares during the last quarter. Lake Street Advisors Group LLC grew its position in shares of Philip Morris International by 45.2% in the 1st quarter. Lake Street Advisors Group LLC now owns 7,230 shares of the company’s stock valued at $672,000 after buying an additional 2,249 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter worth $222,000. Finally, CreativeOne Wealth LLC lifted its position in Philip Morris International by 138.3% in the first quarter. CreativeOne Wealth LLC now owns 27,182 shares of the company’s stock valued at $2,490,000 after acquiring an additional 15,776 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM opened at $129.54 on Wednesday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The stock has a market capitalization of $201.41 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.25 and a beta of 0.54. The company’s fifty day moving average is $124.44 and its two-hundred day moving average is $114.16.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. Sell-side analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a dividend of $1.35 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s payout ratio is presently 85.71%.

Wall Street Analyst Weigh In

PM has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group raised their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.50.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

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.