Philip Morris International Inc. (NYSE:PM) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its position in Philip Morris International Inc. (NYSE:PM) by 104.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,068 shares of the company’s stock after buying an additional 16,397 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Philip Morris International were worth $3,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Philip Morris International during the third quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the 4th quarter worth about $33,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International during the 4th quarter valued at about $39,000. McClarren Financial Advisors Inc. grew its position in Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after acquiring an additional 278 shares in the last quarter. Finally, Activest Wealth Management increased its stake in Philip Morris International by 1,685.7% during 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 period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were 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 owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Werner Barth sold 5,000 shares of the firm’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 transaction, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock worth $3,339,528 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on PM shares. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Price Performance

Shares of PM traded up $0.09 during mid-day trading on Friday, reaching $97.40. The company’s stock had a trading volume of 5,611,928 shares, compared to its average volume of 6,838,263. The company’s 50 day moving average is $92.47 and its 200 day moving average is $92.31. The stock has a market cap of $151.41 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $100.70.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The company 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 firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

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.