Philip Morris International Inc. (NYSE:PM) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in Philip Morris International Inc. (NYSE:PMFree Report) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,622 shares of the company’s stock after purchasing an additional 1,549 shares during the period. Vise Technologies Inc.’s holdings in Philip Morris International were worth $1,187,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Headlands Technologies LLC acquired a new position in shares of Philip Morris International in the third quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International in the fourth quarter worth $33,000. Northwest Financial Advisors acquired a new position in shares of Philip Morris International in the fourth quarter worth $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Philip Morris International in the fourth quarter worth $39,000. Finally, McClarren Financial Advisors Inc. increased its stake in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after acquiring an additional 278 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock valued at $3,339,528 in the last quarter. Company insiders own 0.14% of the company’s stock.

Philip Morris International Price Performance

PM stock traded up $0.73 during midday trading on Wednesday, hitting $100.57. The company’s stock had a trading volume of 3,224,971 shares, compared to its average volume of 5,616,112. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70. The company’s fifty day moving average price is $93.67 and its 200 day moving average price is $92.72. The stock has a market capitalization of $156.34 billion, a P/E ratio of 19.52, a PEG ratio of 2.12 and a beta of 0.60.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. Equities analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus increased their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a 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 stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and an average target price of $105.50.

View Our Latest Stock Report on Philip Morris International

About Philip Morris International

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PMFree Report).

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.