Northern Trust Corp Has $1.64 Billion Stake in Philip Morris International Inc. (NYSE:PM)

Northern Trust Corp raised its stake in Philip Morris International Inc. (NYSE:PM) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,630,177 shares of the company’s stock after buying an additional 1,347,503 shares during the quarter. Northern Trust Corp owned 0.88% of Philip Morris International worth $1,640,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in Philip Morris International by 89.1% in the fourth quarter. Quarry LP now owns 3,305 shares of the company’s stock valued at $398,000 after buying an additional 1,557 shares during the period. Whalerock Point Partners LLC increased its holdings in shares of Philip Morris International by 1.8% in the fourth quarter. Whalerock Point Partners LLC now owns 11,066 shares of the company’s stock worth $1,332,000 after acquiring an additional 200 shares in the last quarter. Berger Financial Group Inc increased its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. Berger Financial Group Inc now owns 5,000 shares of the company’s stock worth $602,000 after acquiring an additional 1,746 shares in the last quarter. Prosperity Consulting Group LLC increased its holdings in shares of Philip Morris International by 2.5% in the fourth quarter. Prosperity Consulting Group LLC now owns 21,303 shares of the company’s stock worth $2,564,000 after acquiring an additional 511 shares in the last quarter. Finally, Aquatic Capital Management LLC increased its holdings in shares of Philip Morris International by 4.9% in the fourth quarter. Aquatic Capital Management LLC now owns 136,218 shares of the company’s stock worth $16,394,000 after acquiring an additional 6,418 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of several recent analyst reports. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $130.00 to $170.00 in a report on Friday. Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Barclays increased their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Philip Morris International Stock Up 0.1 %

PM stock opened at $170.19 on Monday. The business has a 50 day moving average price of $155.51 and a two-hundred day moving average price of $137.82. The company has a market cap of $264.90 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a twelve month low of $94.42 and a twelve month high of $171.73.

Philip Morris International (NYSE:PM) last posted 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 negative return on equity of 120.08% and a net margin of 7.89%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company earned $1.50 earnings per share. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.17%. Philip Morris International’s payout ratio is 111.34%.

Insider Activity

In related news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last three months. Insiders own 0.13% of the company’s stock.

About Philip Morris International

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.