According to the latest disclosure by the Securities and Exchange Commission, the stock price of the company increased by 40.3% during the fourth quarter. The institutional investor now owns 153,398 of the stock, after adding 44,042 more shares over the past period. The holdings of Banque Pictet & Cie SA in Philip Morris International valued $15,525,000 as of the latest reporting period.
Several other institutional investors, including hedge funds, have also made recent changes to their PM positions. Mark Sheptoff Financial Planning LLC purchased a new stake of approximately $25,000 in Philip Morris International at the end of the third quarter. Red Tortoise LLC purchased a new stake of $29,000 in Philip Morris International, during the 4th quarter. Winch Advisory Services LLC increased its position in Philip Morris International in the fourth quarter by 200.0%. Winch Advisory Services LLC owns now 294 shares valued at $30,000. This is after purchasing an additional 196 share during the last quarter. My Personal CFO LLC bought a new stake of Philip Morris International valued at $31,000 in the fourth quarter. Asset Dedication LLC bought a new stake of Philip Morris International valued at $36,000 in the third quarter. In a transaction on Friday, 17th February, Philip Morris International sold 20,308 of its shares. The shares were purchased at an average price $100.30 for a value of $2.036,892.40. After the completion of the deal, the insider owns 22,418 company shares, worth approximately $2,248,525.40. In a transaction that took place on Friday, 17th February, Philip Morris International sold 20,308 of its shares. The stock was bought at $100.30 on average, totaling $2,036,892.40. After the completion of this transaction, the insider owns 22,418 of the company's shares, valued at around $2,248,525.40. Insider Werner Barth also sold 8,000 shares in the company's stock on Thursday, 2nd March. The shares were purchased at an average of $98.35 for a transaction totaling $786,800.00. The insider owns now 87,321 of the company's shares, worth $8,588,020.35. Insiders have sold 117 064 shares of stock in the company worth $11,738,763. Insiders control 0.15% the stock of a company.
Philip Morris International stock down 0.0 %
The opening price on Tuesday was $98.33. The company's 50-day moving median is $97.93, and its 200-day moving mean is $97.66. Philip Morris International Inc.'s 12-month low is $82.85 while its 12-month high is $109.81. The company has a $152.62 billion market cap, a PE ratio of 17.59 and a PEG of 2.46. Its beta is 0.68.
The company last released its quarterly earnings on Thursday, 20th April. The company's earnings per share were $1.38, exceeding the consensus estimate of $1.34% by $0.04. Philip Morris International reported a return on equity that was negative at 128.55%, and a margin net of 10.80%. The company's revenue for the quarter was $8.10 billion, which is higher than analyst expectations of $8.03billion. In the same quarter of last year, the company posted $1.56 in earnings per share. Revenue for the firm was up 4.6% year-over-year. Analysts expect Philip Morris International Inc. to post 6.18 earnings per share for the current fiscal year.
Philip Morris International Announces Dividend
A quarterly dividend was also paid by the firm on April 11, 2019. Investors who had their records on the 23rd of March were paid $1.27 in dividends. This dividend became payable on Wednesday, 22nd March. The annualized dividend is $5.08, and the yield is 5.17%. Philip Morris International has a dividend payout ratio of 90.88%.
Wall Street analysts forecast growth
Several research firms have recently commented on PM. UBS Group upgraded Philip Morris International's rating from a "neutral" to a "buy", and raised their price target from $106,00 to $116.00, in a report published on March 1st. Stifel Nicolaus began covering shares of Philip Morris International on Thursday, April 13, in a research report. They gave the company a buy' rating with a price target of $114.00. In a research report published on Thursday 16th March, we began covering shares of Philip Morris International. The company was given a rating of 'hold'. In a research report published on Monday 23rd January, Societe Generale began covering shares of Philip Morris International. The company was given a "sell" rating with a price target of $90.00. Seven investment analysts have given the stock a buy or hold rating. One analyst gave the stock a sell rating. According to data gathered by MarketBeat.com the stock currently has an average rating 'Moderate buy' with an average price of $110.60.
Philip Morris International Profile
Philip Morris International, Inc. is a holding firm that manufactures and sells cigarettes, tobacco, nicotine-containing products, and other nicotine-containing goods. The company's products include heat-not burn, vapor and oral nicotine products. The company operates in the following geographic segments: European Union (EU), Eastern Europe (EE), Middle East and Africa (MEA), South and Southeast Asia (SSEA), East Asia and Australia and Americas.
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