RFG Advisory LLC Grows Holdings in Philip Morris International Inc. (NYSE:PM)

RFG Advisory LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% during the 1st quarter, HoldingsChannel reports. The firm owned 14,080 shares of the company’s stock after purchasing an additional 421 shares during the period. RFG Advisory LLC’s holdings in Philip Morris International were worth $1,290,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PM. PFG Investments LLC raised its stake in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after acquiring an additional 109 shares during the period. CGC Financial Services LLC grew its stake in Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after buying an additional 110 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after acquiring an additional 112 shares during the last quarter. Bluesphere Advisors LLC increased its holdings in shares of Philip Morris International by 0.7% in the 4th quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock worth $1,599,000 after acquiring an additional 113 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its position in Philip Morris International by 0.4% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after purchasing an additional 113 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of several analyst reports. Stifel Nicolaus raised 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 restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $104.22.

Philip Morris International Trading Up 0.0 %

NYSE PM opened at $99.92 on Friday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90. The stock’s 50-day moving average price is $98.98 and its two-hundred day moving average price is $94.59. The company has a market cap of $155.33 billion, a PE ratio of 19.52, a PEG ratio of 2.08 and a beta of 0.57.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 earnings per share. Research analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

Insider Activity

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 transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.