Philip Morris International Inc. (NYSE:PM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,106,341 shares of the company’s stock after buying an additional 200,684 shares during the quarter. Victory Capital Management Inc. owned about 0.14% of Philip Morris International worth $198,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $33,000. Legacy Financial Group LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth approximately $37,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $39,000. Finally, McClarren Financial Advisors Inc. raised its position in shares of Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $96.04 on Thursday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.70. The business’s fifty day moving average is $92.23 and its 200-day moving average is $92.25. The stock has a market cap of $149.30 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.60.

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

Philip Morris International Announces Dividend

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

Insider Activity at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was 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 directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock valued at $3,339,528 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PM. Stifel Nicolaus increased their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. UBS Group lowered 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 report on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.50.

Philip Morris International Company 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.