Philip Morris International Inc. (NYSE:PM) Shares Purchased by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,588 shares of the company’s stock after buying an additional 476 shares during the quarter. Philip Morris International makes up approximately 1.1% of 3Chopt Investment Partners LLC’s portfolio, making the stock its 15th biggest position. 3Chopt Investment Partners LLC’s holdings in Philip Morris International were worth $3,652,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC grew its stake in shares of Philip Morris International by 0.7% during the second quarter. Longfellow Investment Management Co. LLC now owns 12,888 shares of the company’s stock valued at $1,306,000 after acquiring an additional 88 shares in the last quarter. Dearborn Partners LLC increased its stake in shares of Philip Morris International by 3.2% in the second quarter. Dearborn Partners LLC now owns 2,867 shares of the company’s stock worth $291,000 after buying an additional 89 shares during the last quarter. LRI Investments LLC raised its position in shares of Philip Morris International by 1.5% during the 2nd quarter. LRI Investments LLC now owns 6,287 shares of the company’s stock valued at $637,000 after acquiring an additional 92 shares in the last quarter. Cahill Financial Advisors Inc. increased its stake in Philip Morris International by 4.5% during the second quarter. Cahill Financial Advisors Inc. now owns 2,294 shares of the company’s stock valued at $232,000 after purchasing an additional 99 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. raised its holdings in shares of Philip Morris International by 0.3% during the second quarter. Pekin Hardy Strauss Inc. now owns 28,913 shares of the company’s stock worth $2,930,000 after purchasing an additional 99 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PM has been the subject of several research reports. The Goldman Sachs Group lifted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Stifel Nicolaus increased their target price on shares of Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Barclays boosted their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $119.14.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $121.39 on Tuesday. The company has a market capitalization of $188.71 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. The stock has a fifty day moving average of $119.88 and a 200-day moving average of $105.92. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $128.22.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter last year, the business posted $1.60 EPS. Philip Morris International’s revenue was up 5.6% on a year-over-year basis. As a group, research analysts forecast that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.45%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, September 26th. Philip Morris International’s payout ratio is presently 105.47%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.