Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 43.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,997 shares of the company’s stock after buying an additional 12,727 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Philip Morris International were worth $6,812,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in PM. Traub Capital Management LLC acquired a new stake in Philip Morris International during the second quarter worth $25,000. Marquette Asset Management LLC raised its position in Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Dogwood Wealth Management LLC lifted its stake in shares of Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Estabrook Capital Management acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $30,000. Finally, Anfield Capital Management LLC grew its holdings in shares of Philip Morris International by 185.5% during the 2nd quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock worth $36,000 after purchasing an additional 128 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Trading Up 0.0%
Shares of NYSE PM opened at $174.74 on Tuesday. The stock has a market cap of $272.01 billion, a P/E ratio of 24.04, a PEG ratio of 1.99 and a beta of 0.38. The business’s fifty day simple moving average is $176.53 and its 200-day simple moving average is $164.19. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $191.30.
Philip Morris International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. Philip Morris International’s payout ratio is currently 80.88%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on PM shares. Citigroup raised their price objective on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their target price for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a research note on Monday, February 9th. Needham & Company LLC lifted their price target on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.83.
Read Our Latest Stock Analysis on PM
Insider Buying and Selling
In related news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the transaction, the chief executive officer owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This trade represents a 11.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by corporate insiders.
About Philip Morris International
Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.
PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.
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