Philip Morris International Inc. (NYSE:PM) Position Increased by Commerce Bank

Commerce Bank raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,900 shares of the company’s stock after buying an additional 1,395 shares during the quarter. Commerce Bank’s holdings in Philip Morris International were worth $23,782,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Strategy Asset Managers LLC lifted its position in shares of Philip Morris International by 1,333.8% in the third quarter. Strategy Asset Managers LLC now owns 36,720 shares of the company’s stock worth $4,458,000 after purchasing an additional 34,159 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Philip Morris International in the third quarter worth approximately $3,783,000. West Family Investments Inc. lifted its position in shares of Philip Morris International by 33.6% in the third quarter. West Family Investments Inc. now owns 4,675 shares of the company’s stock worth $568,000 after purchasing an additional 1,177 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Philip Morris International in the third quarter worth approximately $2,791,000. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Philip Morris International by 14.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 20,886 shares of the company’s stock worth $2,536,000 after purchasing an additional 2,699 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the sale, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the sale, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Price Performance

PM opened at $130.39 on Thursday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm’s fifty day moving average price is $124.55 and its two-hundred day moving average price is $114.27. The company has a market capitalization of $202.73 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.25 and a beta of 0.54.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s payout ratio is currently 85.71%.

Analyst Ratings Changes

PM has been the topic of several recent research reports. UBS Group raised their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Bank of America lifted their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

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.