Mengis Capital Management Inc. Has $5.35 Million Position in Philip Morris International Inc. (NYSE:PM)

Mengis Capital Management Inc. grew its stake in Philip Morris International Inc. (NYSE:PM) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 44,462 shares of the company’s stock after buying an additional 390 shares during the quarter. Philip Morris International accounts for about 1.1% of Mengis Capital Management Inc.’s investment portfolio, making the stock its 20th largest holding. Mengis Capital Management Inc.’s holdings in Philip Morris International were worth $5,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BankPlus Trust Department bought a new stake in Philip Morris International during the 4th quarter worth approximately $303,000. Rothschild Investment LLC grew its holdings in Philip Morris International by 0.6% during the 4th quarter. Rothschild Investment LLC now owns 17,265 shares of the company’s stock worth $2,078,000 after acquiring an additional 105 shares during the last quarter. Wealthstream Advisors Inc. grew its holdings in Philip Morris International by 3.4% during the 4th quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock worth $297,000 after acquiring an additional 82 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in Philip Morris International by 2.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 18,723 shares of the company’s stock worth $2,253,000 after acquiring an additional 503 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Philip Morris International by 8.5% during the 4th quarter. IFP Advisors Inc now owns 31,955 shares of the company’s stock worth $3,846,000 after acquiring an additional 2,506 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research reports. UBS Group boosted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays dropped their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Stock Up 1.1 %

Philip Morris International stock opened at $156.13 on Tuesday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $156.63. The firm’s fifty day moving average is $130.42 and its 200 day moving average is $126.81. The company has a market capitalization of $242.76 billion, a PE ratio of 34.62, a PEG ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.46%. Philip Morris International’s payout ratio is presently 119.73%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the sale, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 in the last quarter. Company insiders own 0.14% of the company’s stock.

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.