Nordea Investment Management AB Purchases 3,525 Shares of Philip Morris International Inc. (NYSE:PM)

Nordea Investment Management AB grew its position in Philip Morris International Inc. (NYSE:PMFree Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,889 shares of the company’s stock after acquiring an additional 3,525 shares during the period. Nordea Investment Management AB’s holdings in Philip Morris International were worth $7,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Kessler Investment Group LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at approximately $25,000. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Northwest Financial Advisors acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $38,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.0 %

Shares of PM stock opened at $102.62 on Tuesday. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The firm has a market capitalization of $159.53 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58. The firm has a fifty day moving average of $100.74 and a 200-day moving average of $95.27.

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

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.07%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s 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 sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $104.22.

Check Out Our Latest Report on PM

About Philip Morris International

(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.

Recommended Stories

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PMFree Report).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.