Philip Morris International Inc. (NYSE:PM) Stake Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,517,673 shares of the company’s stock after acquiring an additional 26,942 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Philip Morris International were worth $305,264,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC lifted its stake in Philip Morris International by 8.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 10,522 shares of the company’s stock valued at $964,000 after buying an additional 848 shares in the last quarter. Cornerstone Wealth Group LLC lifted its position in Philip Morris International by 24.7% in the 1st quarter. Cornerstone Wealth Group LLC now owns 7,014 shares of the company’s stock worth $643,000 after buying an additional 1,391 shares in the last quarter. BKM Wealth Management LLC grew its stake in Philip Morris International by 69.6% in the first quarter. BKM Wealth Management LLC now owns 2,970 shares of the company’s stock valued at $272,000 after purchasing an additional 1,219 shares in the last quarter. Kowal Investment Group LLC lifted its holdings in shares of Philip Morris International by 18.7% during the 1st quarter. Kowal Investment Group LLC now owns 12,855 shares of the company’s stock valued at $1,178,000 after buying an additional 2,029 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in Philip Morris International in the first quarter worth approximately $201,000. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In related news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the sale, the insider now directly owns 95,418 shares in the company, valued at approximately $12,402,431.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,418 shares of company stock worth $15,247,052 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 2.2 %

Shares of PM stock opened at $129.86 on Friday. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $133.27. The company’s fifty day simple moving average is $122.50 and its 200-day simple moving average is $109.84. The firm has a market cap of $201.87 billion, a PE ratio of 25.36, a P/E/G ratio of 2.57 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 12.10% and a negative return on equity of 117.94%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a dividend of $1.35 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.16%. Philip Morris International’s payout ratio is 105.47%.

Analyst Upgrades and Downgrades

PM has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. UBS Group upped their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.85.

About Philip Morris International

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.