BNP Paribas Financial Markets Boosts Stake in Philip Morris International Inc. (NYSE:PM)

BNP Paribas Financial Markets raised its holdings in Philip Morris International Inc. (NYSE:PM) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,282,907 shares of the company’s stock after purchasing an additional 40,742 shares during the quarter. BNP Paribas Financial Markets’ holdings in Philip Morris International were worth $277,145,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PM. Silvercrest Asset Management Group LLC grew its stake in Philip Morris International by 4.1% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 58,070 shares of the company’s stock worth $5,320,000 after purchasing an additional 2,303 shares in the last quarter. Waverly Advisors LLC grew its stake in Philip Morris International by 170.9% during the 1st quarter. Waverly Advisors LLC now owns 22,001 shares of the company’s stock worth $2,016,000 after purchasing an additional 13,879 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its stake in Philip Morris International by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,673 shares of the company’s stock worth $245,000 after purchasing an additional 112 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Philip Morris International by 24.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 39,984 shares of the company’s stock worth $3,753,000 after purchasing an additional 7,981 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its stake in Philip Morris International by 42.6% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 14,399 shares of the company’s stock worth $1,319,000 after purchasing an additional 4,300 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

PM has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. UBS Group lifted their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Bank of America lifted their price target on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Philip Morris International Trading Up 0.6 %

Shares of Philip Morris International stock traded up $0.74 on Tuesday, hitting $131.45. The stock had a trading volume of 483,688 shares, compared to its average volume of 5,367,820. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The stock has a market cap of $204.38 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 2.28 and a beta of 0.54. The company’s 50 day moving average price is $124.86 and its 200 day moving average price is $115.07.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the previous year, the business earned $1.67 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 4.11%. Philip Morris International’s dividend payout ratio is currently 85.71%.

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.