Philip Morris International Inc. (NYSE:PM) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 64.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,910 shares of the company’s stock after purchasing an additional 7,815 shares during the period. Fisher Asset Management LLC’s holdings in Philip Morris International were worth $1,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the fourth quarter valued at about $33,000. Wetzel Investment Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter valued at approximately $39,000. McClarren Financial Advisors Inc. increased its position in Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Philip Morris International by 1,685.7% during the 4th quarter. Activest Wealth Management now owns 500 shares of the company’s stock worth $47,000 after buying an additional 472 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the topic of a number of recent analyst reports. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. 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 note on Tuesday, February 13th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus lifted 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 given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Philip Morris International currently has an average rating of “Hold” and an average price target of $105.50.

Philip Morris International Price Performance

Shares of NYSE PM opened at $98.27 on Thursday. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.70. The company has a market capitalization of $152.77 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.08 and a beta of 0.60. The business has a 50-day moving average of $92.76 and a 200-day moving average of $92.38.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter last year, the company earned $1.38 earnings per share. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.29%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’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 transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock valued at $3,339,528 in the last three months. Corporate insiders own 0.14% 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.