Shell Asset Management Co. Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Shell Asset Management Co. lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,393 shares of the company's stock after purchasing an additional 2,400 shares during the period. Shell Asset Management Co.'s holdings in Philip Morris International were worth $5,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Meridian Wealth Partners LLC increased its stake in shares of Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after buying an additional 73 shares during the last quarter. Balboa Wealth Partners boosted its holdings in Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after buying an additional 74 shares during the last quarter. Finally, Cravens & Co Advisors LLC boosted its holdings in Philip Morris International by 0.7% in the 4th quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company's stock worth $1,210,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Citigroup lifted their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Stifel Nicolaus boosted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $166.33.

Philip Morris International Price Performance

PM traded up $2.67 during trading hours on Monday, reaching $173.11. The company's stock had a trading volume of 3,878,277 shares, compared to its average volume of 5,602,969. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $176.49. The stock has a market cap of $269.45 billion, a PE ratio of 38.38, a P/E/G ratio of 2.65 and a beta of 0.50. The business's 50-day moving average is $160.35 and its 200-day moving average is $142.40.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The firm's quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, March 20th. Philip Morris International's dividend payout ratio is presently 111.34%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,822 shares of company stock worth $18,906,185. Insiders own 0.13% of the company's stock.

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.