Catalyst Financial Partners LLC Has $1.36 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Catalyst Financial Partners LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,420 shares of the company’s stock after purchasing an additional 267 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Philip Morris International were worth $1,357,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PM. Invesco Ltd. increased its stake in Philip Morris International by 33.5% during the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after purchasing an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP increased its stake in Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after purchasing an additional 3,121,732 shares in the last quarter. Boston Partners increased its stake in Philip Morris International by 38.5% during the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after purchasing an additional 1,372,520 shares in the last quarter. London Co. of Virginia increased its stake in Philip Morris International by 52.2% during the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock worth $287,956,000 after purchasing an additional 1,066,871 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Philip Morris International by 24.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock worth $448,246,000 after purchasing an additional 958,894 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s 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 sale, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock valued at $3,339,528 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM traded up $1.20 during mid-day trading on Thursday, reaching $99.45. 3,837,890 shares of the company were exchanged, compared to its average volume of 5,704,349. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.70. The stock has a market capitalization of $154.60 billion, a PE ratio of 19.43, a PEG ratio of 2.08 and a beta of 0.60. The business has a 50 day simple moving average of $92.92 and a two-hundred day simple moving average of $92.42.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the firm posted $1.38 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.23%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Analyst Ratings Changes

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