Philip Morris International Inc. (NYSE:PM) Shares Acquired by Elevatus Welath Management

Elevatus Welath Management increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,080 shares of the company’s stock after buying an additional 95 shares during the period. Elevatus Welath Management’s holdings in Philip Morris International were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares during the period. GQG Partners LLC grew its position in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC grew its position in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock valued at $2,079,262,000 after purchasing an additional 516,617 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Philip Morris International by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock valued at $1,934,083,000 after buying an additional 2,785,987 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 in the last three months. 0.13% of the stock is currently owned by insiders.

Philip Morris International Trading Up 1.6 %

Shares of NYSE PM opened at $163.08 on Friday. The firm has a 50-day moving average of $153.80 and a two-hundred day moving average of $135.92. The company has a market capitalization of $253.83 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a twelve month low of $91.38 and a twelve month high of $165.00.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Barclays increased their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their price target on shares of Philip Morris International from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $150.78.

Philip Morris International Company 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.