SteelPeak Wealth LLC Buys 5,260 Shares of Philip Morris International Inc. (NYSE:PM)

SteelPeak Wealth LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,636 shares of the company’s stock after buying an additional 5,260 shares during the quarter. SteelPeak Wealth LLC’s holdings in Philip Morris International were worth $3,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors increased its stake in shares of Philip Morris International by 9.1% in the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after buying an additional 4,869,272 shares in the last quarter. Wellington Management Group LLP increased its position in Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after purchasing an additional 3,121,732 shares during the period. Charles Schwab Investment Management Inc. increased its position in Philip Morris International by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after purchasing an additional 125,919 shares during the period. Northern Trust Corp increased its position in Philip Morris International by 0.6% in the fourth quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after purchasing an additional 77,820 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Philip Morris International by 25.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after purchasing an additional 2,123,311 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.2 %

Shares of Philip Morris International stock traded down $0.24 on Friday, reaching $101.33. 7,299,472 shares of the company were exchanged, compared to its average volume of 5,042,973. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90. The company has a market capitalization of $157.52 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.08 and a beta of 0.57. The company has a 50-day moving average of $100.08 and a 200 day moving average of $94.94.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 EPS. Analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio is 101.56%.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

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

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.