Krilogy Financial LLC Invests $2.48 Million in Philip Morris International Inc. (NYSE:PM)

Krilogy Financial LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,025 shares of the company's stock, valued at approximately $2,476,000.

Other large investors also recently added to or reduced their stakes in the company. Kessler Investment Group LLC purchased a new position in shares of Philip Morris International in the first quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Philip Morris International in the third quarter valued at about $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International during the fourth quarter valued at about $33,000. Northwest Financial Advisors purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

PM stock traded down $1.41 during trading on Thursday, hitting $99.66. 4,569,613 shares of the stock traded hands, compared to its average volume of 5,576,352. The stock has a market cap of $154.93 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.14 and a beta of 0.60. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.46. The firm's 50 day moving average is $94.51 and its two-hundred day moving average is $93.13.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. As a group, analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.22%. Philip Morris International's dividend payout ratio (DPR) is presently 101.56%.

Analyst Ratings Changes

A number of research firms have commented on PM. Argus reaffirmed a "hold" rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Finally, Societe Generale raised Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $105.50.

Insider Buying and Selling

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is owned by corporate insiders.

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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