PDS Planning Inc Buys 463 Shares of Philip Morris International Inc. (NYSE:PM)

PDS Planning Inc boosted its stake in Philip Morris International Inc. (NYSE:PM) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,087 shares of the company’s stock after purchasing an additional 463 shares during the period. PDS Planning Inc’s holdings in Philip Morris International were worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PM. Invesco Ltd. lifted its stake in Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after purchasing an additional 4,304,089 shares during the last quarter. Wellington Management Group LLP increased its position in Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. Boston Partners increased its position in Philip Morris International by 38.5% in the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after acquiring an additional 1,372,520 shares during the period. London Co. of Virginia increased its position in Philip Morris International by 52.2% in the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock valued at $287,956,000 after acquiring an additional 1,066,871 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Philip Morris International by 24.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock valued at $448,246,000 after acquiring an additional 958,894 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of several recent research reports. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and a consensus target price of $105.40.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,250 shares of company stock valued at $1,411,128. Company insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $2.05 during trading hours on Tuesday, reaching $96.11. The company’s stock had a trading volume of 5,264,181 shares, compared to its average volume of 5,550,897. The stock’s fifty day simple moving average is $91.29 and its two-hundred day simple moving average is $92.06. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The company has a market capitalization of $149.41 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Philip Morris International Inc. will post 6.38 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is currently 103.59%.

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.