Simmons Bank Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Simmons Bank increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,297 shares of the company’s stock after acquiring an additional 124 shares during the period. Simmons Bank’s holdings in Philip Morris International were worth $1,493,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Russell Investments Group Ltd. increased its position in shares of Philip Morris International by 8.4% during the first quarter. Russell Investments Group Ltd. now owns 260,370 shares of the company’s stock worth $23,857,000 after purchasing an additional 20,108 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of Philip Morris International by 41.0% during the first quarter. Koshinski Asset Management Inc. now owns 7,238 shares of the company’s stock worth $663,000 after buying an additional 2,104 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Philip Morris International by 4.9% during the first quarter. Kingsview Wealth Management LLC now owns 13,675 shares of the company’s stock worth $1,253,000 after buying an additional 642 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Philip Morris International by 27.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 10,595 shares of the company’s stock worth $971,000 after buying an additional 2,291 shares in the last quarter. Finally, Anthracite Investment Company Inc. acquired a new stake in Philip Morris International in the 1st quarter valued at about $1,500,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM opened at $125.24 on Thursday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The company has a 50 day moving average price of $124.21 and a 200 day moving average price of $113.02. The stock has a market capitalization of $194.73 billion, a P/E ratio of 19.88, a PEG ratio of 2.17 and a beta of 0.54.

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

Philip Morris International Increases Dividend

The firm also recently declared 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 a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.31%. Philip Morris International’s dividend payout ratio is 85.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. 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. Barclays raised their price objective on shares of Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.85.

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.