CFO4Life Group LLC Boosts Holdings in Philip Morris International Inc. (NYSE:PM)

CFO4Life Group LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,624 shares of the company’s stock after acquiring an additional 281 shares during the quarter. CFO4Life Group LLC’s holdings in Philip Morris International were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Kessler Investment Group LLC purchased a new stake in shares of Philip Morris International during the first quarter worth about $25,000. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Philip Morris International by 250.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after buying an additional 230 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Northwest Financial Advisors acquired a new stake in shares of Philip Morris International in the fourth quarter worth approximately $33,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth approximately $38,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.5 %

Shares of NYSE PM traded up $1.56 during trading on Friday, reaching $106.56. 1,799,900 shares of the stock were exchanged, compared to its average volume of 5,366,001. The business’s 50-day moving average price is $101.16 and its 200 day moving average price is $95.45. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $106.61. The company has a market capitalization of $165.65 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS 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 analysts’ expectations of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.88%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their target price on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Hold” and a consensus 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.