Philip Morris International Inc. (NYSE:PM) Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 515,783 shares of the company's stock after acquiring an additional 9,238 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Philip Morris International were worth $48,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Kessler Investment Group LLC acquired a new position in shares of Philip Morris International in the 1st quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Northwest Financial Advisors acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,250 shares of company stock valued at $3,339,528. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

PM has been the subject of several research analyst reports. UBS Group cut shares of Philip Morris International from a "buy" rating to a "sell" rating and lowered their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus reiterated a "hold" rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 price target for the company in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $105.50.

Philip Morris International Trading Up 1.3 %

Shares of PM traded up $1.26 during trading hours on Thursday, reaching $97.31. The company had a trading volume of 5,606,492 shares, compared to its average volume of 5,760,934. The firm has a 50 day simple moving average of $92.36 and a 200-day simple moving average of $92.28. The company has a market capitalization of $151.27 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.01 and a beta of 0.60. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $100.70.

Philip Morris International (NYSE:PM - Get 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 analysts' consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 6.3 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.34%. Philip Morris International's dividend payout ratio is presently 101.56%.

Philip Morris International 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.

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