Philip Morris International Inc. (NYSE:PM) Holdings Lifted by Dash Acquisitions Inc.

Dash Acquisitions Inc. increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.7% during the 1st quarter, Holdings Channel reports. The firm owned 175,835 shares of the company’s stock after purchasing an additional 9,474 shares during the quarter. Philip Morris International makes up approximately 5.0% of Dash Acquisitions Inc.’s holdings, making the stock its 7th largest holding. Dash Acquisitions Inc.’s holdings in Philip Morris International were worth $15,927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors raised its position in Philip Morris International by 9.1% in the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after acquiring an additional 4,869,272 shares during the period. Wellington Management Group LLP raised its position in Philip Morris International by 12.6% in 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 period. Charles Schwab Investment Management Inc. raised its position in Philip Morris International by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after acquiring an additional 125,919 shares during the period. Northern Trust Corp raised its position in Philip Morris International by 0.6% in the fourth quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after acquiring an additional 77,820 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Philip Morris International by 25.5% in 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 acquiring an additional 2,123,311 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 0.4 %

NYSE:PM traded up $0.39 during mid-day trading on Tuesday, hitting $101.64. 2,898,444 shares of the stock traded hands, compared to its average volume of 5,460,981. The business’s 50-day moving average price is $100.22 and its 200 day moving average price is $94.99. The company has a market cap of $158.01 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.12%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Upgrades and Downgrades

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

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.