Financial Management Professionals Inc. Has $580,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Financial Management Professionals Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 6.7% during the 1st quarter, Holdings Channel reports. The fund owned 6,329 shares of the company’s stock after acquiring an additional 397 shares during the quarter. Financial Management Professionals Inc.’s holdings in Philip Morris International were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. PFG Investments LLC boosted its stake in shares of Philip Morris International by 1.9% during the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after buying an additional 109 shares during the last quarter. CGC Financial Services LLC raised its holdings in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after purchasing an additional 112 shares during the period. Bluesphere Advisors LLC raised its holdings in shares of Philip Morris International by 0.7% in the 4th quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after purchasing an additional 113 shares during the period. Finally, Pekin Hardy Strauss Inc. raised its holdings in shares of Philip Morris International by 0.4% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after purchasing an additional 113 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.2 %

Philip Morris International stock opened at $101.39 on Friday. The stock has a market cap of $157.62 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.09 and a beta of 0.57. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90. The company’s 50-day moving average price is $100.08 and its two-hundred day moving average price is $94.93.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the firm earned $1.38 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.13%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.22.

Insider Transactions at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were 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 of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

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.