Apella Capital LLC Buys New Shares in Philip Morris International Inc. (NYSE:PM)

Apella Capital LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,583 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors also recently modified their holdings of PM. Kessler Investment Group LLC acquired a new position in Philip Morris International during the first quarter worth $25,000. Boyd Watterson Asset Management LLC OH raised its holdings in 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 during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International in the 4th quarter worth $33,000. Northwest Financial Advisors bought a new stake in shares of Philip Morris International in the 4th quarter worth $33,000. Finally, Olistico Wealth LLC bought a new stake in shares of Philip Morris International in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America increased their price target on shares of Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.80.

Insider Transactions at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

NYSE PM traded up $1.54 on Wednesday, reaching $115.74. 3,613,470 shares of the company’s stock traded hands, compared to its average volume of 5,431,578. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $119.06. The stock has a 50-day simple moving average of $105.40 and a 200 day simple moving average of $97.58. The stock has a market cap of $179.92 billion, a PE ratio of 22.61, a P/E/G ratio of 2.35 and a beta of 0.58.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, analysts anticipate that Philip Morris International Inc. will post 6.41 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio is 101.56%.

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.