Hexagon Capital Partners LLC Buys 1,514 Shares of Philip Morris International Inc. (NYSE:PM)

Hexagon Capital Partners LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,511 shares of the company’s stock after buying an additional 1,514 shares during the period. Hexagon Capital Partners LLC’s holdings in Philip Morris International were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in PM. Headlands Technologies LLC bought a new stake in Philip Morris International during the third quarter worth $27,000. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International during the fourth quarter worth $33,000. Legacy Financial Group LLC bought a new stake in Philip Morris International during the third quarter worth $37,000. Wetzel Investment Advisors Inc. bought a new stake in Philip Morris International during the fourth quarter worth $39,000. Finally, McClarren Financial Advisors Inc. increased its holdings in shares of Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after buying an additional 278 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PM. Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Price Performance

NYSE PM traded down $0.66 on Tuesday, reaching $94.94. The company had a trading volume of 6,414,739 shares, compared to its average volume of 5,754,313. The firm has a market cap of $147.59 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.79. The business has a 50 day moving average of $92.12 and a two-hundred day moving average of $92.22.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 earnings per share. As a group, research analysts predict that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.48%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is currently owned by insiders.

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.