Texas Permanent School Fund Corp Purchases 383 Shares of Philip Morris International Inc. (NYSE:PM)

Texas Permanent School Fund Corp boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,907 shares of the company’s stock after acquiring an additional 383 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Philip Morris International were worth $29,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Kessler Investment Group LLC bought a new position in shares of Philip Morris International in the first quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH increased its position in Philip Morris International by 250.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Philip Morris International during the fourth quarter worth about $33,000. Northwest Financial Advisors bought a new position in Philip Morris International during the fourth quarter worth about $33,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Philip Morris International during the fourth quarter worth about $38,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 2.2 %

Philip Morris International stock traded up $2.24 during trading hours on Thursday, reaching $105.00. 3,739,370 shares of the stock were exchanged, compared to its average volume of 5,392,619. The company has a market cap of $163.23 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $105.00. The stock has a 50 day moving average of $101.01 and a two-hundred day moving average of $95.38.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the company posted $1.38 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were paid a $1.30 dividend. The ex-dividend date was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.95%. Philip Morris International’s payout ratio is currently 101.56%.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report 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’s stock. According to data from MarketBeat, the company 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.