Oak Thistle LLC Acquires 2,547 Shares of Philip Morris International Inc. (NYSE:PM)

Oak Thistle LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 51.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,526 shares of the company’s stock after acquiring an additional 2,547 shares during the period. Philip Morris International comprises approximately 0.6% of Oak Thistle LLC’s holdings, making the stock its 22nd largest position. Oak Thistle LLC’s holdings in Philip Morris International were worth $690,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its stake in shares of Philip Morris International by 3.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 11,911 shares of the company’s stock valued at $1,091,000 after buying an additional 400 shares in the last quarter. Claro Advisors LLC lifted its stake in shares of Philip Morris International by 2.0% during the 1st quarter. Claro Advisors LLC now owns 7,336 shares of the company’s stock valued at $672,000 after buying an additional 142 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Philip Morris International during the 1st quarter valued at $201,000. Kowal Investment Group LLC lifted its stake in shares of Philip Morris International by 18.7% during the 1st quarter. Kowal Investment Group LLC now owns 12,855 shares of the company’s stock valued at $1,178,000 after buying an additional 2,029 shares in the last quarter. Finally, BKM Wealth Management LLC lifted its stake in Philip Morris International by 69.6% in the 1st quarter. BKM Wealth Management LLC now owns 2,970 shares of the company’s stock worth $272,000 after purchasing an additional 1,219 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.08 during trading hours on Monday, reaching $101.25. The company’s stock had a trading volume of 2,772,811 shares, compared to its average volume of 5,481,481. The firm has a 50 day moving average price of $100.08 and a 200-day moving average price of $94.94. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90. The stock has a market cap of $157.40 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.08 and a beta of 0.58.

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

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.14%. Philip Morris International’s payout ratio is 101.56%.

Wall Street Analyst Weigh In

PM has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.22.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Philip Morris International Company 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.