Keel Point LLC Invests $251,000 in Philip Morris International Inc. (NYSE:PM)

Keel Point LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,663 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth $27,000. PCA Investment Advisory Services Inc. acquired a new stake in Philip Morris International during the second quarter worth about $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International in the 4th quarter worth about $33,000. Legacy Financial Group LLC purchased a new position in shares of Philip Morris International in the 3rd quarter worth about $37,000. Finally, Studio Investment Management LLC lifted its stake in shares of Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after purchasing an additional 108 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.40.

Insider Activity at Philip Morris International

In other news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Shares of PM stock opened at $89.50 on Wednesday. The company’s fifty day moving average price is $91.09 and its two-hundred day moving average price is $92.03. The firm has a market capitalization of $139.13 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.85 and a beta of 0.61. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.92.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The business had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.81%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

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.