Ossiam Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Ossiam lifted its position in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 240.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,238 shares of the company’s stock after acquiring an additional 9,355 shares during the quarter. Ossiam’s holdings in Philip Morris International were worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PM. Sompo Asset Management Co. Ltd. raised its stake in shares of Philip Morris International by 13.7% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 5,810 shares of the company’s stock worth $547,000 after buying an additional 700 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $298,000. Waterloo Capital L.P. acquired a new position in shares of Philip Morris International during the 4th quarter worth about $1,836,000. CenterBook Partners LP lifted its stake in Philip Morris International by 29.8% in the 4th quarter. CenterBook Partners LP now owns 54,338 shares of the company’s stock valued at $5,112,000 after buying an additional 12,490 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its holdings in Philip Morris International by 3.3% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 6,342 shares of the company’s stock worth $597,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.1 %

Shares of NYSE:PM opened at $103.68 on Tuesday. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $104.90. The company’s 50 day moving average is $96.89 and its two-hundred day moving average is $94.08. The company has a market cap of $161.18 billion, a PE ratio of 20.25, a P/E/G ratio of 2.13 and a beta of 0.57.

Philip Morris International (NYSE:PMGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 earnings per share. As a group, equities research analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Stifel Nicolaus increased their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $105.50.

View Our Latest Analysis on PM

Insider Buying and Selling at Philip Morris International

In related 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 value of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on 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 directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the company’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 completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Philip Morris International 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.

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

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