Philip Morris International Inc. (NYSE:PM) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 90.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,326 shares of the company’s stock after acquiring an additional 3,486 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Philip Morris International were worth $689,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Philip Morris International in the third quarter valued at approximately $27,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Philip Morris International during the second quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the fourth quarter worth $33,000. Legacy Financial Group LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $37,000. Finally, Studio Investment Management LLC lifted its stake in shares of Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after buying an additional 108 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International 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 completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,250 shares of company stock valued at $1,411,128. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $1.00 during trading on Friday, hitting $92.20. 892,604 shares of the company’s stock were exchanged, compared to its average volume of 5,413,241. The business has a 50-day simple moving average of $91.11 and a 200-day simple moving average of $92.01. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.79. The stock has a market capitalization of $143.33 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.89 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.64%. Philip Morris International’s payout ratio is 103.59%.

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.