Asset Allocation Strategies LLC Buys 143 Shares of Philip Morris International Inc. (NYSE:PM)

Asset Allocation Strategies LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,726 shares of the company’s stock after buying an additional 143 shares during the quarter. Asset Allocation Strategies LLC’s holdings in Philip Morris International were worth $351,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Jump Financial LLC bought a new stake in Philip Morris International during the third quarter valued at approximately $472,000. Van ECK Associates Corp lifted its position in Philip Morris International by 1.8% during the third quarter. Van ECK Associates Corp now owns 54,801 shares of the company’s stock valued at $5,074,000 after purchasing an additional 954 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in Philip Morris International by 39.0% during the third quarter. Aptus Capital Advisors LLC now owns 14,601 shares of the company’s stock valued at $1,352,000 after purchasing an additional 4,094 shares during the last quarter. Herold Advisors Inc. lifted its position in Philip Morris International by 66.9% during the third quarter. Herold Advisors Inc. now owns 9,152 shares of the company’s stock valued at $847,000 after purchasing an additional 3,668 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Philip Morris International during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.6 %

Shares of Philip Morris International stock opened at $103.61 on Monday. The company’s fifty day simple moving average is $96.64 and its two-hundred day simple moving average is $94.01. The company has a market cap of $161.07 billion, a P/E ratio of 20.24, a PEG ratio of 2.13 and a beta of 0.57. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90.

Philip Morris International (NYSE:PMGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the business posted $1.38 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Analyst Upgrades and Downgrades

PM has been the subject of several research analyst reports. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and a consensus target price of $105.50.

Get Our Latest Stock Analysis on Philip Morris International

Insider Activity

In other news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Philip Morris International Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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