Rockingstone Advisors LLC Has $2.88 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Rockingstone Advisors LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,728 shares of the company’s stock after acquiring an additional 1,100 shares during the quarter. Philip Morris International comprises about 1.4% of Rockingstone Advisors LLC’s investment portfolio, making the stock its 26th largest position. Rockingstone Advisors LLC’s holdings in Philip Morris International were worth $2,881,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Brookstone Capital Management increased its holdings in Philip Morris International by 1.9% in the third quarter. Brookstone Capital Management now owns 25,953 shares of the company’s stock valued at $3,151,000 after purchasing an additional 474 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its holdings in Philip Morris International by 25.6% in the third quarter. O Keefe Stevens Advisory Inc. now owns 5,574 shares of the company’s stock valued at $677,000 after purchasing an additional 1,136 shares during the last quarter. FCF Advisors LLC increased its holdings in Philip Morris International by 31.9% in the third quarter. FCF Advisors LLC now owns 51,401 shares of the company’s stock valued at $6,240,000 after purchasing an additional 12,422 shares during the last quarter. Axiom Advisory LLC increased its holdings in Philip Morris International by 4.6% in the third quarter. Axiom Advisory LLC now owns 18,944 shares of the company’s stock valued at $2,201,000 after purchasing an additional 832 shares during the last quarter. Finally, Eastover Investment Advisors LLC bought a new stake in shares of Philip Morris International in the third quarter worth about $221,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Barclays increased their price target on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America increased their price target on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. UBS Group increased their price target on Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $122.41.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $118.75 on Wednesday. The stock has a 50 day moving average price of $120.57 and a 200 day moving average price of $106.80. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $128.22. The stock has a market capitalization of $184.60 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55.

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

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.55%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 105.47%.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’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 value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Wilde Frederic De sold 20,000 shares of the 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 transaction, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.