Victory Capital Management Inc. Has $198.17 Million Position in Philip Morris International Inc. (NYSE:PM)

Victory Capital Management Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,106,341 shares of the company’s stock after purchasing an additional 200,684 shares during the quarter. Victory Capital Management Inc.’s holdings in Philip Morris International were worth $198,165,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of PM. Kingswood Wealth Advisors LLC bought a new stake in shares of Philip Morris International during the third quarter worth $240,000. Raymond James Financial Services Advisors Inc. increased its holdings in Philip Morris International by 8.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 551,255 shares of the company’s stock valued at $51,035,000 after purchasing an additional 41,950 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in Philip Morris International by 59.7% in the third quarter. Simon Quick Advisors LLC now owns 9,578 shares of the company’s stock valued at $887,000 after purchasing an additional 3,581 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Philip Morris International by 12.8% in the third quarter. Stratos Wealth Partners LTD. now owns 27,060 shares of the company’s stock valued at $2,505,000 after purchasing an additional 3,075 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in Philip Morris International by 114.7% in the third quarter. Stratos Wealth Advisors LLC now owns 11,541 shares of the company’s stock valued at $1,069,000 after purchasing an additional 6,166 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus upped their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a 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 price objective for the company in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $105.50.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Werner Barth sold 5,000 shares of Philip Morris International 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 sale, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International 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 in the company, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 over the last ninety days. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $96.04 on Thursday. The company has a market capitalization of $149.30 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.60. The company’s 50 day moving average price is $92.23 and its two-hundred day moving average price is $92.25. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.70.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. Analysts forecast that Philip Morris International Inc. will post 6.3 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.41%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

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.