Skopos Labs Inc. Makes New $565,000 Investment in Philip Morris International Inc. (NYSE:PM)

Skopos Labs Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,005 shares of the company’s stock, valued at approximately $565,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of Philip Morris International during the third quarter worth $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International during the fourth quarter worth $33,000. Northwest Financial Advisors purchased a new position in Philip Morris International in the fourth quarter valued at $33,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International in the fourth quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. increased its holdings in Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly 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 is available through the SEC website. In related 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 transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Up 0.3 %

Shares of NYSE PM traded up $0.28 during trading on Friday, hitting $99.93. The company had a trading volume of 4,053,913 shares, compared to its average volume of 4,802,444. The stock has a fifty day simple moving average of $94.74 and a two-hundred day simple moving average of $93.24. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.46. The firm has a market capitalization of $155.35 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.12 and a beta of 0.60.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) 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 business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the business earned $1.38 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.20%. Philip Morris International’s payout ratio is presently 101.56%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Hold” and an average price target of $105.50.

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.