Philip Morris International Inc. (NYSE:PM) Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 14.5% during the first quarter, Holdings Channel.com reports. The firm owned 41,636 shares of the company’s stock after acquiring an additional 5,260 shares during the period. SteelPeak Wealth LLC’s holdings in Philip Morris International were worth $3,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors raised its stake in Philip Morris International by 9.1% during the 4th quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after acquiring an additional 4,869,272 shares in the last quarter. Wellington Management Group LLP raised its stake in Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after acquiring an additional 3,121,732 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Philip Morris International by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after acquiring an additional 125,919 shares in the last quarter. Northern Trust Corp raised its stake in Philip Morris International by 0.6% during the 4th quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after acquiring an additional 77,820 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Philip Morris International by 25.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after acquiring an additional 2,123,311 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.22.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s 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 sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Philip Morris International Trading Down 0.2 %

Shares of NYSE:PM traded down $0.24 during midday trading on Friday, hitting $101.33. The stock had a trading volume of 7,299,472 shares, compared to its average volume of 5,042,973. The company has a market capitalization of $157.52 billion, a PE ratio of 19.79, a P/E/G ratio of 2.08 and a beta of 0.57. The stock has a 50 day moving average price of $100.08 and a two-hundred day moving average price of $94.94. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90.

Philip Morris International (NYSE:PM) last issued 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. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 earnings per share. As a group, equities analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio is currently 101.56%.

Philip Morris International Company 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.