ORG Partners LLC Has $313,000 Position in Philip Morris International Inc. (NYSE:PM)

ORG Partners LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 82.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,422 shares of the company’s stock after selling 15,705 shares during the quarter. Philip Morris International accounts for about 0.6% of ORG Partners LLC’s investment portfolio, making the stock its 24th biggest holding. ORG Partners LLC’s holdings in Philip Morris International were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. GSA Capital Partners LLP grew its stake in Philip Morris International by 2.0% in the third quarter. GSA Capital Partners LLP now owns 7,617 shares of the company’s stock valued at $705,000 after purchasing an additional 146 shares in the last quarter. Comerica Bank bought a new position in shares of Philip Morris International during the 3rd quarter worth approximately $43,276,000. Quantum Financial Advisors LLC bought a new position in shares of Philip Morris International during the 3rd quarter worth approximately $245,000. Fidelity D & D Bancorp Inc. bought a new position in shares of Philip Morris International during the 3rd quarter worth approximately $566,000. Finally, Wellington Management Group LLP boosted its stake in shares of Philip Morris International by 12.6% during the 3rd 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. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on 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 completion of the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM traded up $0.90 during mid-day trading on Friday, hitting $105.90. 2,549,596 shares of the stock were exchanged, compared to its average volume of 5,371,638. The stock has a market capitalization of $164.63 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The firm’s 50-day simple moving average is $101.16 and its 200 day simple moving average is $95.45. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $106.63.

Philip Morris International (NYSE:PM) last released 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. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.38 EPS. On average, analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a $1.30 dividend. The ex-dividend date was Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 4.91%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their target price 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.22.

Philip Morris International Company 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.