Mercer Global Advisors Inc. ADV Purchases 2,674 Shares of Philip Morris International Inc. (NYSE:PM)

Mercer Global Advisors Inc. ADV lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,922 shares of the company’s stock after buying an additional 2,674 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Philip Morris International were worth $20,055,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PM. True Vision MN LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at about $397,000. Wealth Alliance raised its stake in Philip Morris International by 0.8% in the second quarter. Wealth Alliance now owns 28,066 shares of the company’s stock worth $2,844,000 after buying an additional 221 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Philip Morris International by 0.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 220,764 shares of the company’s stock valued at $22,370,000 after acquiring an additional 972 shares during the period. Axxcess Wealth Management LLC raised its position in shares of Philip Morris International by 0.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 34,531 shares of the company’s stock worth $3,499,000 after acquiring an additional 141 shares in the last quarter. Finally, Plancorp LLC lifted its stake in shares of Philip Morris International by 3.4% during the 2nd quarter. Plancorp LLC now owns 6,413 shares of the company’s stock worth $650,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

PM opened at $120.96 on Thursday. The company has a fifty day moving average of $117.57 and a two-hundred day moving average of $104.25. The stock has a market capitalization of $188.04 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.45 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $128.22.

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

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a dividend of $1.35 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.46%. Philip Morris International’s dividend payout ratio (DPR) is 105.47%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PM shares. Barclays upped their price objective on shares of Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Bank of America raised their price objective on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. UBS Group upped their target price on Philip Morris International from $95.00 to $105.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus upped their price objective on shares of Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.05.

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.