Philip Morris International Inc. (NYSE:PM) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in Philip Morris International Inc. (NYSE:PM) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 172,309 shares of the company’s stock after purchasing an additional 6,303 shares during the quarter. Xponance Inc.’s holdings in Philip Morris International were worth $16,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PM. Moneta Group Investment Advisors LLC lifted its position in shares of Philip Morris International by 100,700.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock worth $1,582,939,000 after purchasing an additional 15,624,628 shares in the last quarter. Invesco Ltd. raised its holdings in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after purchasing an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after acquiring an additional 3,121,732 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Philip Morris International by 122.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock worth $247,294,000 after buying an additional 1,446,567 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Philip Morris International by 38.5% during the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after purchasing an additional 1,372,520 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM traded up $0.62 during midday trading on Thursday, reaching $91.20. The company’s stock had a trading volume of 4,041,590 shares, compared to its average volume of 5,475,415. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.92. The firm has a 50 day moving average price of $91.07 and a 200-day moving average price of $92.02. The stock has a market capitalization of $141.77 billion, a P/E ratio of 18.05, a PEG ratio of 1.87 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.70%. Philip Morris International’s dividend payout ratio is currently 103.59%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PM. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale raised 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. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.40.

Insider Transactions at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,250 shares of company stock worth $1,411,128. Company insiders own 0.13% 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.