Scissortail Wealth Management LLC raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 16,808.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,029 shares of the company's stock after acquiring an additional 2,017 shares during the period. Scissortail Wealth Management LLC's holdings in Philip Morris International were worth $244,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. GQG Partners LLC grew its stake in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $522,214,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after acquiring an additional 4,298,530 shares during the last quarter. Capital World Investors grew its position in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the last quarter. Institutional investors own 78.63% of the company's stock.
Insider Activity at Philip Morris International
In other Philip Morris International news, CFO Emmanuel Babeau sold 30,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the completion of the transaction, the chief financial officer now owns 139,105 shares in the company, valued at approximately $20,705,779.25. The trade was a 17.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,822 shares of company stock valued at $18,906,185 in the last three months. Company insiders own 0.13% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on PM. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Citigroup raised their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Barclays boosted their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.33.
Get Our Latest Stock Analysis on Philip Morris International
Philip Morris International Price Performance
PM opened at $170.38 on Friday. The business has a 50 day simple moving average of $160.35 and a two-hundred day simple moving average of $142.26. The firm has a market capitalization of $265.20 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $176.49.
Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.
Philip Morris International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.17%. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.
Philip Morris International Profile
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Free Report)
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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