Masso Torrence Wealth Management Inc. Purchases Shares of 407 Philip Morris International Inc. (NYSE:PM)

Masso Torrence Wealth Management Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PMGet Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 407 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Philip Morris International by 0.6% during the 3rd quarter. BlackRock Inc. now owns 91,929,488 shares of the company’s stock worth $8,713,997,000 after purchasing an additional 536,032 shares during the last quarter. Capital World Investors lifted its position in shares of Philip Morris International by 2.7% during the 3rd quarter. Capital World Investors now owns 82,760,572 shares of the company’s stock worth $7,844,875,000 after purchasing an additional 2,152,766 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Philip Morris International by 1.8% during the 3rd quarter. Capital Research Global Investors now owns 57,783,253 shares of the company’s stock worth $5,477,299,000 after purchasing an additional 1,025,283 shares during the last quarter. Morgan Stanley lifted its position in shares of Philip Morris International by 1.8% during the 3rd quarter. Morgan Stanley now owns 45,512,114 shares of the company’s stock worth $4,314,093,000 after purchasing an additional 793,619 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Philip Morris International by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 27,118,766 shares of the company’s stock worth $2,564,768,000 after purchasing an additional 841,001 shares during the last quarter. 74.78% of the stock is owned by institutional investors.

In related news, insider Wilde Frederic De sold 29,941 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $108.49, for a total transaction of $3,248,299.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Several research firms have recently issued reports on PM. JPMorgan Chase & Co. cut shares of Philip Morris International from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $110.00 in a research report on Monday, March 7th. StockNews.com assumed coverage on shares of Philip Morris International in a research note on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group lowered shares of Philip Morris International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $116.00 to $100.00 in a research note on Tuesday, March 22nd. UBS Group lifted their price target on shares of Philip Morris International from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 17th. Finally, Bank of America lifted their price target on shares of Philip Morris International from $107.00 to $117.00 in a research note on Sunday, April 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has an average rating of “Buy” and a consensus price target of $112.00.

NYSE PM traded down $0.87 during trading on Tuesday, reaching $99.00. The company’s stock had a trading volume of 42,545 shares, compared to its average volume of 6,429,746. The firm has a market cap of $153.46 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 3.48 and a beta of 0.67. Philip Morris International Inc. has a twelve month low of $85.64 and a twelve month high of $112.48. The business’s fifty day moving average price is $97.54 and its 200-day moving average price is $97.51.

Philip Morris International (NYSE:PMGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.08. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.43 billion. Philip Morris International had a net margin of 10.97% and a negative return on equity of 110.49%. Philip Morris International’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 earnings per share. On average, equities analysts predict that Philip Morris International Inc. will post 5.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 12th. Investors of record on Thursday, March 24th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend was Wednesday, March 23rd. Philip Morris International’s dividend payout ratio is currently 86.51%.

About Philip Morris International (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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