Gerber LLC Purchases New Position in Philip Morris International Inc. (NYSE:PM)

Gerber LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,912 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RFG Advisory LLC lifted its stake in Philip Morris International by 3.1% in the first quarter. RFG Advisory LLC now owns 14,080 shares of the company’s stock worth $1,290,000 after purchasing an additional 421 shares during the last quarter. Gulf International Bank UK Ltd grew its position in Philip Morris International by 5.1% in the 1st quarter. Gulf International Bank UK Ltd now owns 10,001 shares of the company’s stock valued at $916,000 after acquiring an additional 489 shares during the last quarter. &PARTNERS increased its stake in Philip Morris International by 86.4% in the first quarter. &PARTNERS now owns 5,792 shares of the company’s stock worth $515,000 after purchasing an additional 2,684 shares during the period. Ballentine Partners LLC boosted its position in Philip Morris International by 49.8% in the 1st quarter. Ballentine Partners LLC now owns 12,427 shares of the company’s stock valued at $1,139,000 after buying an additional 4,133 shares during the period. Finally, Southland Equity Partners LLC bought a new position in Philip Morris International in the first quarter worth approximately $272,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 0.6 %

Shares of NYSE:PM traded down $0.77 during trading on Monday, hitting $119.44. 1,376,558 shares of the stock were exchanged, compared to its average volume of 5,301,744. The company has a market cap of $185.68 billion, a PE ratio of 23.48, a P/E/G ratio of 2.35 and a beta of 0.55. The company has a fifty day moving average price of $121.35 and a two-hundred day moving average price of $108.62. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $128.22.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. Equities research analysts anticipate that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.52%. Philip Morris International’s dividend payout ratio (DPR) is 105.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PM shares. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Citigroup lifted their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Bank of America increased their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Barclays raised their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.95.

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.