Metis Global Partners LLC Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Metis Global Partners LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,896 shares of the company’s stock after acquiring an additional 848 shares during the period. Metis Global Partners LLC’s holdings in Philip Morris International were worth $6,907,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PM. KBC Group NV boosted its stake in shares of Philip Morris International by 3.5% in the third quarter. KBC Group NV now owns 119,592 shares of the company’s stock valued at $14,518,000 after purchasing an additional 4,001 shares during the period. Huntington National Bank increased its position in shares of Philip Morris International by 2.7% during the third quarter. Huntington National Bank now owns 164,079 shares of the company’s stock worth $19,919,000 after acquiring an additional 4,268 shares during the period. D Orazio & Associates Inc. raised its stake in shares of Philip Morris International by 4.8% in the third quarter. D Orazio & Associates Inc. now owns 8,537 shares of the company’s stock valued at $1,036,000 after acquiring an additional 393 shares in the last quarter. Schrum Private Wealth Management LLC boosted its holdings in Philip Morris International by 100.0% in the third quarter. Schrum Private Wealth Management LLC now owns 5,486 shares of the company’s stock valued at $666,000 after purchasing an additional 2,743 shares during the period. Finally, Kovack Advisors Inc. grew its stake in Philip Morris International by 3.0% during the 3rd quarter. Kovack Advisors Inc. now owns 7,013 shares of the company’s stock worth $851,000 after purchasing an additional 203 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction dated 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 transaction, the chairman now directly 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 document filed with the SEC, which is available at this hyperlink. In related 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction 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 sale, the insider now 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 0.0 %

Shares of NYSE:PM opened at $125.26 on Thursday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The company has a market cap of $194.76 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54. The company’s fifty day moving average is $124.19 and its two-hundred day moving average is $113.11.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.31%. Philip Morris International’s payout ratio is currently 85.71%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PM. UBS Group increased their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Stifel Nicolaus restated a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Bank of America boosted their target price on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Barclays increased their price target on shares of Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.85.

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.