Transcend Capital Advisors LLC Purchases 1,276 Shares of Philip Morris International Inc. (NYSE:PM)

Transcend Capital Advisors LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,572 shares of the company’s stock after acquiring an additional 1,276 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Philip Morris International were worth $869,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Philip Morris International by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 136,556,344 shares of the company’s stock worth $12,511,292,000 after acquiring an additional 481,636 shares during the last quarter. Capital World Investors raised its holdings in shares of Philip Morris International by 1.5% in the 1st quarter. Capital World Investors now owns 111,247,656 shares of the company’s stock worth $10,192,510,000 after acquiring an additional 1,684,992 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Philip Morris International by 3.1% in the 1st quarter. Capital Research Global Investors now owns 60,217,039 shares of the company’s stock worth $5,517,085,000 after acquiring an additional 1,800,864 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Philip Morris International by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after acquiring an additional 125,919 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Philip Morris International by 0.6% in the 4th quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after acquiring an additional 77,820 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 2.6 %

PM traded down $3.01 on Monday, hitting $114.81. The company’s stock had a trading volume of 3,796,529 shares, compared to its average volume of 5,390,294. The company’s 50 day simple moving average is $104.84 and its 200-day simple moving average is $97.29. The firm has a market cap of $178.48 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $119.06.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the company posted $1.60 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 6.41 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Bank of America upped their price objective on shares of Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $107.80.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% 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.