Disciplined Equity Management Inc. Acquires 400 Shares of Philip Morris International Inc. (NYSE:PM)

Disciplined Equity Management Inc. raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,480 shares of the company’s stock after buying an additional 400 shares during the period. Philip Morris International accounts for approximately 0.7% of Disciplined Equity Management Inc.’s portfolio, making the stock its 28th largest position. Disciplined Equity Management Inc.’s holdings in Philip Morris International were worth $986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Philip Morris International during the third quarter valued at about $27,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International in the fourth quarter worth about $33,000. Legacy Financial Group LLC bought a new stake in shares of Philip Morris International in the third quarter worth about $37,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the fourth quarter worth about $39,000. Finally, Activest Wealth Management increased its holdings in shares of Philip Morris International by 1,685.7% in the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock worth $47,000 after purchasing an additional 472 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.50.

Philip Morris International Price Performance

Shares of NYSE:PM traded up $1.37 during trading hours on Wednesday, hitting $99.03. 13,572,168 shares of the company’s stock traded hands, compared to its average volume of 5,755,332. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The business has a fifty day moving average price of $91.65 and a 200-day moving average price of $92.15. The firm has a market capitalization of $153.95 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61.

Philip Morris International (NYSE:PM) last announced 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 firm 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 116.29% and a net margin of 8.53%. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. As a group, equities analysts predict that Philip Morris International Inc. will post 6.36 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.25%. Philip Morris International’s payout ratio is 103.59%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The stock was 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 in the company, valued at $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Philip Morris International news, 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 completion of the sale, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,250 shares of company stock worth $1,411,128. Company insiders own 0.14% 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.