River Global Investors LLP Acquires New Shares in Philip Morris International Inc. (NYSE:PM)

River Global Investors LLP bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,500 shares of the company’s stock, valued at approximately $3,905,000.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Philip Morris International during the 3rd quarter worth approximately $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International in the fourth quarter worth $33,000. Legacy Financial Group LLC purchased a new stake in shares of Philip Morris International in the third quarter worth $37,000. Wetzel Investment Advisors Inc. bought a new stake in Philip Morris International during the fourth quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. grew its position in Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.1 %

Shares of NYSE:PM traded up $0.09 on Friday, reaching $97.40. 5,611,928 shares of the company traded hands, compared to its average volume of 6,838,263. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.70. The business’s 50-day simple moving average is $92.47 and its 200 day simple moving average is $92.31. The stock has a market capitalization of $151.41 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is 101.56%.

Insider Activity

In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,250 shares of company stock valued at $3,339,528. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. Stifel Nicolaus raised their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and an average target price of $105.50.

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.