Meeder Asset Management Inc. Buys Shares of 2,604 Philip Morris International Inc. (NYSE:PM)

Meeder Asset Management Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,604 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Studio Investment Management LLC grew its position in Philip Morris International by 33.8% during the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after purchasing an additional 108 shares during the last quarter. PFG Investments LLC raised its holdings in Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after acquiring an additional 109 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its holdings in shares of Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after purchasing an additional 110 shares in the last quarter. CGC Financial Services LLC raised its position in Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after buying an additional 110 shares during the last quarter. Finally, Corrigan Financial Inc. boosted its holdings in shares of Philip Morris International by 2.5% during the 2nd quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock valued at $449,000 after acquiring an additional 112 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.9 %

Philip Morris International stock opened at $90.32 on Tuesday. The firm’s fifty day moving average is $91.39 and its 200 day moving average is $92.16. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92. The company has a market cap of $140.41 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.02 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.39 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Wednesday, March 20th. Philip Morris International’s payout ratio is 103.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Societe Generale raised 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 research report on Tuesday, February 13th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and a consensus target price of $105.40.

Insiders Place Their Bets

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was 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 of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock valued at $1,411,128 over the last 90 days. Insiders own 0.14% of the company’s stock.

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.