Philip Morris International Inc. (NYSE:PM) Holdings Raised by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,274 shares of the company’s stock after purchasing an additional 148 shares during the quarter. Philip Morris International makes up 1.1% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 22nd largest holding. Oliver Luxxe Assets LLC’s holdings in Philip Morris International were worth $6,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC lifted its stake in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Philip Morris International by 57.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Philip Morris International by 161.6% during the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after purchasing an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC grew its position in Philip Morris International by 14,611.4% during the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock valued at $142,467,000 after purchasing an additional 1,165,554 shares in the last quarter. Finally, Wulff Hansen & CO. increased its stake in Philip Morris International by 10,033.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,039,646 shares of the company’s stock valued at $105,347,000 after buying an additional 1,029,386 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 1.0 %

PM stock traded down $1.21 during mid-day trading on Monday, reaching $120.81. 2,523,770 shares of the stock traded hands, compared to its average volume of 3,013,802. The business has a 50-day moving average of $127.42 and a two-hundred day moving average of $120.16. The firm has a market capitalization of $187.84 billion, a PE ratio of 19.18, a P/E/G ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter last year, the firm posted $1.67 EPS. The company’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 26th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Werner Barth sold 7,500 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was 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 of the company’s stock, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group boosted their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Barclays boosted their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

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.