Philip Morris International Inc. (NYSE:PM) Shares Purchased by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,303 shares of the company’s stock after acquiring an additional 511 shares during the period. Prosperity Consulting Group LLC’s holdings in Philip Morris International were worth $2,564,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Aquatic Capital Management LLC increased its position in Philip Morris International by 4.9% in the 4th quarter. Aquatic Capital Management LLC now owns 136,218 shares of the company’s stock valued at $16,394,000 after acquiring an additional 6,418 shares during the period. Wills Financial Group Inc. increased its holdings in shares of Philip Morris International by 5.8% during the fourth quarter. Wills Financial Group Inc. now owns 3,663 shares of the company’s stock valued at $441,000 after purchasing an additional 200 shares during the period. Johnson Financial Group Inc. increased its holdings in shares of Philip Morris International by 6.3% during the fourth quarter. Johnson Financial Group Inc. now owns 3,977 shares of the company’s stock valued at $518,000 after purchasing an additional 235 shares during the period. Boothbay Fund Management LLC raised its stake in shares of Philip Morris International by 608.9% during the fourth quarter. Boothbay Fund Management LLC now owns 32,888 shares of the company’s stock valued at $3,958,000 after purchasing an additional 28,249 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Philip Morris International in the 4th quarter valued at about $48,375,000. 78.63% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This represents a 6.75 % 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, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,822 shares of company stock worth $19,655,585. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $170.19 on Friday. Philip Morris International Inc. has a twelve month low of $94.42 and a twelve month high of $171.63. The company has a market capitalization of $264.90 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 2.65 and a beta of 0.46. The stock’s 50 day simple moving average is $155.51 and its 200 day simple moving average is $137.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business posted $1.50 EPS. On average, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio is 111.34%.

Wall Street Analyst Weigh In

A number of analysts have commented on PM shares. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and increased their price target for the company from $130.00 to $170.00 in a research note on Friday. Morgan Stanley reissued an “overweight” rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday. Finally, Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

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.