1,400 Shares in Philip Morris International Inc. (NYSE:PM) Bought by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,400 shares of the company’s stock, valued at approximately $168,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $522,214,000. Kovitz Investment Group Partners LLC raised its holdings in shares of Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after buying an additional 4,298,530 shares in the last quarter. Capital World Investors lifted its position in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after buying an additional 4,216,586 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after buying an additional 3,185,258 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 3.0%

Shares of NYSE PM opened at $168.93 on Friday. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $176.49. The company has a 50-day moving average of $159.99 and a two-hundred day moving average of $141.99. The company has a market cap of $262.94 billion, a PE ratio of 37.46, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business posted $1.50 earnings per share. Philip Morris International’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Stifel Nicolaus lifted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $166.33.

Insider Activity

In other Philip Morris International news, CFO Emmanuel Babeau sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the transaction, the chief financial officer now directly owns 139,105 shares in the company, valued at approximately $20,705,779.25. This represents a 17.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This trade represents a 6.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,822 shares of company stock valued at $18,906,185 over the last 90 days. 0.13% of the stock is owned by company insiders.

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.