Disciplined Equity Management Inc. Acquires 400 Shares of Philip Morris International Inc. (NYSE:PM)

Disciplined Equity Management Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,480 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Philip Morris International comprises 0.7% of Disciplined Equity Management Inc.’s holdings, making the stock its 28th largest holding. Disciplined Equity Management Inc.’s holdings in Philip Morris International were worth $986,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Philip Morris International by 5.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,122 shares of the company’s stock valued at $3,210,000 after acquiring an additional 1,666 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Philip Morris International by 5.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 74,364 shares of the company’s stock valued at $7,028,000 after acquiring an additional 3,818 shares in the last quarter. Bfsg LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $146,000. GAMMA Investing LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $727,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Philip Morris International by 5.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 11,104 shares of the company’s stock valued at $1,045,000 after acquiring an additional 548 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PM. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday, February 13th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Philip Morris International has an average rating of “Hold” and an average target price of $105.50.

Philip Morris International Stock Up 1.4 %

PM stock traded up $1.37 during midday trading on Wednesday, hitting $99.03. The company’s stock had a trading volume of 13,572,168 shares, compared to its average volume of 5,755,332. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The stock’s 50-day moving average price is $91.65 and its 200 day moving average price is $92.15. The stock has a market cap of $153.95 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.97 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued 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. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Philip Morris International Inc. will post 6.36 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.25%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 in the last 90 days. Insiders own 0.14% of the company’s stock.

About Philip Morris International

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.