MBA Advisors LLC Acquires 500 Shares of Philip Morris International Inc. (NYSE:PM)

MBA Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,398 shares of the company’s stock after purchasing an additional 500 shares during the quarter. MBA Advisors LLC’s holdings in Philip Morris International were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PM. Studio Investment Management LLC lifted its stake in Philip Morris International by 33.8% during the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after acquiring an additional 108 shares during the period. PFG Investments LLC increased its holdings in shares of Philip Morris International by 1.9% during the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV increased its holdings in shares of Philip Morris International by 3.8% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after purchasing an additional 110 shares in the last quarter. CGC Financial Services LLC increased its holdings in shares of Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares in the last quarter. Finally, Corrigan Financial Inc. increased its holdings in shares of Philip Morris International by 2.5% during the 2nd quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock valued at $449,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $91.62 on Monday. The firm has a market cap of $142.24 billion, a PE ratio of 18.25, a PEG ratio of 2.07 and a beta of 0.61. The firm has a fifty day moving average of $91.48 and a 200 day moving average of $92.43. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The business had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the company earned $1.39 EPS. Philip Morris International’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc. will post 6.39 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Wednesday, March 20th. Philip Morris International’s payout ratio is 103.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. Finally, UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $105.40.

Insider Transactions at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock valued at $1,411,128 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Philip Morris International 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.