Coston McIsaac & Partners Has $4.10 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Coston McIsaac & Partners increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,745 shares of the company’s stock after buying an additional 1,351 shares during the period. Coston McIsaac & Partners’ holdings in Philip Morris International were worth $4,099,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Nova Scotia boosted its position in Philip Morris International by 283.5% during the 4th quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock worth $111,583,000 after buying an additional 876,790 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in Philip Morris International by 2.3% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after buying an additional 13,416 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in Philip Morris International during the 4th quarter worth approximately $1,251,000. Nebula Research & Development LLC acquired a new stake in Philip Morris International during the 4th quarter worth approximately $857,000. Finally, AJOVista LLC bought a new position in Philip Morris International during the 4th quarter worth approximately $137,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus raised 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 analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.22.

Philip Morris International Price Performance

Shares of NYSE:PM traded down $0.24 during mid-day trading on Friday, hitting $101.33. The company had a trading volume of 7,299,472 shares, compared to its average volume of 5,042,973. The firm has a fifty day moving average price of $100.08 and a 200 day moving average price of $94.94. The company has a market capitalization of $157.52 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90.

Philip Morris International (NYSE:PM) last released 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. The company had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 EPS. Research analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently 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.