Albion Financial Group UT Takes Position in Philip Morris International Inc. (NYSE:PM)

Albion Financial Group UT acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) during the first quarter, Holdings Channel.com reports. The fund acquired 900 shares of the company’s stock, valued at approximately $82,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors increased its position in shares of Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after buying an additional 4,869,272 shares during the period. Wellington Management Group LLP lifted its stake in 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 worth $2,575,742,000 after purchasing an additional 3,121,732 shares in the last quarter. Lone Pine Capital LLC bought a new position in Philip Morris International in the 4th quarter valued at $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Philip Morris International by 25.5% during 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 purchasing an additional 2,123,311 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Philip Morris International by 216.1% in the fourth quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock worth $159,121,000 after purchasing an additional 1,156,227 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Philip Morris International Trading Down 0.3 %

PM opened at $101.36 on Thursday. The stock has a market capitalization of $157.57 billion, a P/E ratio of 19.80, a PEG ratio of 2.09 and a beta of 0.58. The stock has a 50-day moving average price of $100.30 and a 200-day moving average price of $95.04. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 earnings per share. On average, equities research analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.13%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.22.

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.