Philip Morris International Inc. (NYSE:PM) Shares Acquired by Seven Mile Advisory

Seven Mile Advisory increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,667 shares of the company’s stock after purchasing an additional 153 shares during the quarter. Seven Mile Advisory’s holdings in Philip Morris International were worth $321,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PM. Rockefeller Capital Management L.P. lifted its stake in Philip Morris International by 4.8% during the third quarter. Rockefeller Capital Management L.P. now owns 208,989 shares of the company’s stock worth $25,342,000 after purchasing an additional 9,500 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of Philip Morris International by 4.8% during the third quarter. Fred Alger Management LLC now owns 32,390 shares of the company’s stock worth $3,932,000 after buying an additional 1,492 shares during the last quarter. Acropolis Investment Management LLC increased its holdings in shares of Philip Morris International by 7.3% in the third quarter. Acropolis Investment Management LLC now owns 1,470 shares of the company’s stock valued at $178,000 after purchasing an additional 100 shares during the period. Edgestream Partners L.P. increased its stake in Philip Morris International by 144.5% in the 3rd quarter. Edgestream Partners L.P. now owns 13,172 shares of the company’s stock valued at $1,599,000 after buying an additional 7,784 shares during the period. Finally, Cobblestone Capital Advisors LLC NY lifted its stake in shares of Philip Morris International by 9.2% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 4,508 shares of the company’s stock worth $547,000 after acquiring an additional 381 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International 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 transaction, the insider now directly owns 26,828 shares in the company, valued at $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 sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $155.17 on Monday. The firm’s 50 day moving average price is $145.83 and its 200 day moving average price is $132.19. The firm has a market cap of $241.27 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. UBS Group increased their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Stifel Nicolaus raised their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

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.