Bluesphere Advisors LLC Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Bluesphere Advisors LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,000 shares of the company’s stock after purchasing an additional 113 shares during the period. Philip Morris International comprises about 1.0% of Bluesphere Advisors LLC’s holdings, making the stock its 20th largest holding. Bluesphere Advisors LLC’s holdings in Philip Morris International were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. increased its holdings in Philip Morris International by 2.3% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after buying an additional 13,416 shares during the last quarter. Amica Mutual Insurance Co. lifted its stake in Philip Morris International by 5.5% during the third quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after purchasing an additional 7,726 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in Philip Morris International by 69.9% in the fourth quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock valued at $4,785,000 after purchasing an additional 20,918 shares in the last quarter. Chiron Investment Management LLC increased its stake in Philip Morris International by 2.0% in the third quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock valued at $32,825,000 after purchasing an additional 6,981 shares during the last quarter. Finally, Country Club Bank GFN raised its holdings in Philip Morris International by 21.3% during the fourth quarter. Country Club Bank GFN now owns 77,246 shares of the company’s stock worth $7,267,000 after purchasing an additional 13,546 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now 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 35,250 shares of company stock valued at $3,339,528 over the last quarter. Company insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 0.3 %

Shares of NYSE PM traded up $0.26 during mid-day trading on Monday, hitting $95.28. 1,332,875 shares of the company were exchanged, compared to its average volume of 5,716,082. The stock has a 50 day simple moving average of $91.90 and a 200-day simple moving average of $92.18. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.79. The firm has a market cap of $148.12 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Analysts anticipate that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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 5.46%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Analyst Ratings Changes

PM has been the subject of several research analyst reports. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International 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.