Philip Morris International Inc. (NYSE:PM) Shares Bought by SageView Advisory Group LLC

SageView Advisory Group LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 64.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,260 shares of the company’s stock after buying an additional 9,528 shares during the period. SageView Advisory Group LLC’s holdings in Philip Morris International were worth $2,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Kestra Advisory Services LLC lifted its stake in shares of Philip Morris International by 9.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 100,070 shares of the company’s stock valued at $9,264,000 after purchasing an additional 8,419 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Philip Morris International by 11.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 115,639 shares of the company’s stock valued at $10,706,000 after purchasing an additional 11,909 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $16,215,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $19,904,000. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Philip Morris International by 45.8% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 65,313 shares of the company’s stock valued at $6,047,000 after purchasing an additional 20,527 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus boosted their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Price Performance

Shares of NYSE PM opened at $102.05 on Tuesday. The stock’s 50-day moving average is $98.09 and its two-hundred day moving average is $94.39. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $104.90. The company has a market cap of $158.64 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the business earned $1.38 EPS. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.10%. Philip Morris International’s payout ratio is currently 101.56%.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.