Philip Morris International Inc. (NYSE:PM) Shares Purchased by Eagle Global Advisors LLC

Eagle Global Advisors LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 142.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,128 shares of the company’s stock after buying an additional 97,600 shares during the quarter. Eagle Global Advisors LLC’s holdings in Philip Morris International were worth $19,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PM. Vanguard Group Inc. increased its stake in Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares during the period. Capital World Investors raised its holdings in Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. GQG Partners LLC boosted its stake in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after buying an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC grew its holdings in Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock valued at $2,079,262,000 after acquiring an additional 516,617 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.5 %

PM stock opened at $174.09 on Wednesday. The business has a fifty day simple moving average of $157.95 and a 200-day simple moving average of $140.18. Philip Morris International Inc. has a 52 week low of $97.18 and a 52 week high of $174.84. The company has a market cap of $270.98 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last announced 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. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share. As a group, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Insider Transactions at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the firm’s 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 owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock valued at $19,655,585. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PM. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Barclays upped their target price on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.33.

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.