American Investment Services Inc. Raises Stock Position in Philip Morris International Inc. (NYSE:PM)

American Investment Services Inc. boosted its position in Philip Morris International Inc. (NYSE:PM) by 75.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,360 shares of the company’s stock after purchasing an additional 9,168 shares during the quarter. American Investment Services Inc.’s holdings in Philip Morris International were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in Philip Morris International by 1.0% in the third quarter. Assenagon Asset Management S.A. now owns 38,827 shares of the company’s stock valued at $3,595,000 after purchasing an additional 381 shares in the last quarter. Jump Financial LLC purchased a new position in Philip Morris International in the third quarter worth $472,000. Americana Partners LLC increased its stake in Philip Morris International by 15.1% in the third quarter. Americana Partners LLC now owns 5,610 shares of the company’s stock valued at $519,000 after acquiring an additional 738 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Philip Morris International by 19.1% during the third quarter. Kingsview Wealth Management LLC now owns 13,760 shares of the company’s stock valued at $1,274,000 after purchasing an additional 2,205 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Philip Morris International by 5.2% during the third quarter. Kestra Private Wealth Services LLC now owns 30,115 shares of the company’s stock worth $2,788,000 after purchasing an additional 1,496 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the business’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 transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock worth $3,339,528 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. 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 research note on Tuesday, February 13th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus increased their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.50.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $1.97 during midday trading on Friday, reaching $101.38. The stock had a trading volume of 7,528,798 shares, compared to its average volume of 4,222,121. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.52. The stock has a 50-day moving average of $95.41 and a 200-day moving average of $93.60. The company has a market capitalization of $157.60 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.16 and a beta of 0.60.

Philip Morris International (NYSE:PM) last posted its earnings results 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 company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the company posted $1.38 earnings per share. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Philip Morris International 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.