Philip Morris International Inc. (NYSE:PM) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC lowered its position in Philip Morris International Inc. (NYSE:PM) by 24.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,690 shares of the company’s stock after selling 865 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Philip Morris International were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in shares of Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after purchasing an additional 4,869,272 shares in the last quarter. Wellington Management Group LLP lifted its stake 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 purchasing an additional 3,121,732 shares in the last quarter. Lone Pine Capital LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth about $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Philip Morris International by 25.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after purchasing an additional 2,123,311 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Philip Morris International by 216.1% during the fourth quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock worth $159,121,000 after purchasing an additional 1,156,227 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus boosted their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Up 0.2 %

Shares of Philip Morris International stock opened at $100.13 on Monday. The firm has a market cap of $155.66 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.08 and a beta of 0.57. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $104.90. The business has a 50-day moving average price of $98.98 and a 200 day moving average price of $94.62.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 earnings per share. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Profile

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.