Philip Morris International Inc. (NYSE:PM) Shares Bought by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC boosted its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 3.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,342 shares of the company’s stock after acquiring an additional 201 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Philip Morris International were worth $597,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PM. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International in the third quarter worth approximately $27,000. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International in the fourth quarter valued at about $33,000. Northwest Financial Advisors acquired a new position in Philip Morris International during the 4th quarter worth approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter valued at about $39,000. Finally, McClarren Financial Advisors Inc. boosted its stake in Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The shares were 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 directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, 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. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.50.

View Our Latest Stock Analysis on PM

Philip Morris International Stock Performance

Shares of NYSE:PM traded down $0.63 during mid-day trading on Friday, hitting $103.61. The stock had a trading volume of 2,506,958 shares, compared to its average volume of 4,489,224. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The company’s 50 day moving average is $96.64 and its 200-day moving average is $94.00. The company has a market cap of $161.07 billion, a PE ratio of 20.24, a P/E/G ratio of 2.14 and a beta of 0.57.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the company posted $1.38 earnings per share. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.02%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Philip Morris International Company Profile

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

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