Landscape Capital Management L.L.C. Invests $1.03 Million in Philip Morris International Inc. (NYSE:PM)

Landscape Capital Management L.L.C. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,468 shares of the company’s stock, valued at approximately $1,028,000.

A number of other large investors have also recently bought and sold shares of PM. Beaird Harris Wealth Management LLC raised its position in shares of Philip Morris International by 322.7% in the first quarter. Beaird Harris Wealth Management LLC now owns 596 shares of the company’s stock valued at $55,000 after purchasing an additional 455 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in Philip Morris International by 35.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 22,189 shares of the company’s stock worth $2,033,000 after acquiring an additional 5,856 shares during the period. Ascent Group LLC raised its holdings in Philip Morris International by 41.7% in the 1st quarter. Ascent Group LLC now owns 45,243 shares of the company’s stock worth $4,145,000 after acquiring an additional 13,318 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in Philip Morris International by 4.1% during the first quarter. Silvercrest Asset Management Group LLC now owns 58,070 shares of the company’s stock valued at $5,320,000 after acquiring an additional 2,303 shares during the period. Finally, Kinloch Capital LLC grew its position in shares of Philip Morris International by 22.7% in the first quarter. Kinloch Capital LLC now owns 25,160 shares of the company’s stock valued at $2,305,000 after purchasing an additional 4,657 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In related news, insider Werner Barth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup increased their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Bank of America boosted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group increased their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $131.50.

Philip Morris International Stock Performance

NYSE:PM opened at $129.99 on Friday. The company has a market capitalization of $202.11 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.27 and a beta of 0.54. The company has a 50-day moving average of $124.77 and a 200-day moving average of $114.62. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Sell-side analysts forecast that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a dividend of $1.35 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

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.