Philip Morris International Inc. (NYSE:PM) Shares Bought by Oak Thistle LLC

Oak Thistle LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 51.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,526 shares of the company’s stock after purchasing an additional 2,547 shares during the quarter. Philip Morris International comprises 0.6% of Oak Thistle LLC’s investment portfolio, making the stock its 22nd biggest position. Oak Thistle LLC’s holdings in Philip Morris International were worth $690,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

PM has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.22.

Philip Morris International Stock Performance

Shares of NYSE:PM traded down $0.08 during trading hours on Monday, reaching $101.25. The stock had a trading volume of 2,772,811 shares, compared to its average volume of 5,481,481. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90. The firm’s 50 day moving average is $100.08 and its 200-day moving average is $94.94. The stock has a market capitalization of $157.40 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.08 and a beta of 0.58.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the firm posted $1.38 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction 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 completion of the transaction, 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 SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

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.