Prosperitas Financial LLC Has $1.45 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Prosperitas Financial LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 213.7% during the 4th quarter, HoldingsChannel reports. The fund owned 15,460 shares of the company’s stock after purchasing an additional 10,532 shares during the quarter. Prosperitas Financial LLC’s holdings in Philip Morris International were worth $1,454,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PM. Fairfield Bush & CO. increased its holdings in Philip Morris International by 1.1% in the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after purchasing an additional 281 shares during the last quarter. American Century Companies Inc. increased its holdings in Philip Morris International by 35.6% in the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock valued at $463,000 after purchasing an additional 1,296 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Philip Morris International by 24.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after purchasing an additional 608 shares during the last quarter. Covestor Ltd increased its holdings in Philip Morris International by 54.9% in the first quarter. Covestor Ltd now owns 525 shares of the company’s stock valued at $49,000 after purchasing an additional 186 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Philip Morris International by 14.7% in the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock valued at $844,000 after purchasing an additional 1,154 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred 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 sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,250 shares of company stock valued at $1,411,128. Insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 0.5 %

Shares of NYSE:PM traded up $0.42 during mid-day trading on Tuesday, reaching $89.02. 1,070,888 shares of the stock were exchanged, compared to its average volume of 5,454,190. The stock’s 50 day simple moving average is $91.13 and its 200-day simple moving average is $92.05. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92. The company has a market cap of $138.39 billion, a P/E ratio of 17.65, a P/E/G ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued 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 net margin of 8.53% and a negative return on equity of 116.29%. The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the company posted $1.39 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts anticipate that Philip Morris International Inc. will post 6.37 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given 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 5.84%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Analyst Ratings Changes

A number of research firms recently commented on PM. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. 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 report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $105.40.

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.