1,847 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC bought a new position in Philip Morris International Inc. (NYSE:PM) during the third quarter, Holdings Channel reports. The fund bought 1,847 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Russell Investments Group Ltd. grew its holdings in shares of Philip Morris International by 8.4% during the first quarter. Russell Investments Group Ltd. now owns 260,370 shares of the company’s stock valued at $23,857,000 after buying an additional 20,108 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Philip Morris International by 41.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 7,238 shares of the company’s stock valued at $663,000 after buying an additional 2,104 shares during the period. Kingsview Wealth Management LLC increased its stake in Philip Morris International by 4.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 13,675 shares of the company’s stock valued at $1,253,000 after buying an additional 642 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Philip Morris International by 27.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 10,595 shares of the company’s stock valued at $971,000 after buying an additional 2,291 shares during the period. Finally, Anthracite Investment Company Inc. acquired a new position in shares of Philip Morris International in the first quarter worth $1,500,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PM shares. Deutsche Bank Aktiengesellschaft raised their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $127.85.

Philip Morris International Price Performance

Shares of PM opened at $125.24 on Thursday. The company has a market capitalization of $194.73 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The company’s fifty day moving average price is $124.21 and its 200 day moving average price is $113.02.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. Analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.31%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

Insider Transactions at Philip Morris International

In related news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.