Capital Investment Advisory Services LLC Increases Position in Philip Morris International Inc. (NYSE:PM)

Capital Investment Advisory Services LLC raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 112.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,797 shares of the company's stock after acquiring an additional 11,534 shares during the period. Capital Investment Advisory Services LLC's holdings in Philip Morris International were worth $2,051,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. PCA Investment Advisory Services Inc. purchased a new stake in shares of Philip Morris International in the second quarter worth about $27,000. Headlands Technologies LLC bought a new position in shares of Philip Morris International during the third quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners bought a new position in Philip Morris International in the fourth quarter worth approximately $33,000. Legacy Financial Group LLC bought a new position in Philip Morris International in the third quarter worth approximately $37,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Philip Morris International in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PM. Societe Generale upgraded 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. UBS Group downgraded Philip Morris International from a "buy" rating to a "sell" rating and cut their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Argus restated a "hold" rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $105.40.

Philip Morris International Price Performance

PM stock traded up $2.57 during trading on Friday, hitting $93.77. The stock had a trading volume of 8,710,167 shares, compared to its average volume of 5,807,585. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The stock has a market capitalization of $145.77 billion, a P/E ratio of 18.68, a PEG ratio of 1.96 and a beta of 0.61. The company's 50-day moving average price is $91.20 and its two-hundred day moving average price is $92.05.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company's quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Philip Morris International Inc. will post 6.38 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date was Wednesday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 103.59%.

Insiders Place Their Bets

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 94,629 shares of the company's stock, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred 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 sale, the insider now owns 94,629 shares of the company's stock, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Company Profile

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.