Philip Morris International Inc. (NYSE:PM) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 75.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,003 shares of the company’s stock after buying an additional 40,401 shares during the quarter. Tidal Investments LLC’s holdings in Philip Morris International were worth $8,613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Kessler Investment Group LLC purchased a new position in Philip Morris International in the 1st quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH lifted its position in shares of Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International in the fourth quarter worth approximately $33,000. Northwest Financial Advisors acquired a new stake in shares of Philip Morris International in the fourth quarter worth approximately $33,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM stock traded up $0.72 on Thursday, hitting $115.88. The stock had a trading volume of 1,004,291 shares, compared to its average volume of 5,345,078. The company’s 50 day moving average price is $104.13 and its 200-day moving average price is $96.94. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $116.27. The firm has a market capitalization of $180.17 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.29 and a beta of 0.58.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. On average, equities analysts forecast that Philip Morris International Inc. will post 6.41 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 4.49%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. boosted their target price on 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 price target on Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Bank of America boosted their price objective on Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.80.

Insider Buying and Selling at Philip Morris International

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, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

About Philip Morris International

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.