Blue Whale Capital LLP Buys 5,551 Shares of Philip Morris International Inc. (NYSE:PM)

Blue Whale Capital LLP increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 410,551 shares of the company's stock after acquiring an additional 5,551 shares during the quarter. Philip Morris International makes up approximately 3.9% of Blue Whale Capital LLP's holdings, making the stock its 12th biggest holding. Blue Whale Capital LLP's holdings in Philip Morris International were worth $49,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. boosted its position in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares during the period. Iron Horse Wealth Management LLC lifted its position in Philip Morris International by 684.4% in the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company's stock worth $25,000 after purchasing an additional 219 shares during the period. Sachetta LLC boosted its stake in shares of Philip Morris International by 64.8% during the 2nd quarter. Sachetta LLC now owns 267 shares of the company's stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Concord Wealth Partners raised its stake in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after purchasing an additional 298 shares during the period. Finally, Fortitude Family Office LLC lifted its position in Philip Morris International by 57.4% in the 2nd quarter. Fortitude Family Office LLC now owns 318 shares of the company's stock worth $32,000 after buying an additional 116 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now directly owns 95,418 shares of the company's stock, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the sale, the chairman now owns 959,761 shares of the company's stock, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Philip Morris International Stock Performance

NYSE PM traded up $0.72 on Monday, reaching $130.71. The company had a trading volume of 4,251,659 shares, compared to its average volume of 5,389,295. The company's fifty day moving average is $124.77 and its 200-day moving average is $114.85. The firm has a market capitalization of $203.23 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.28 and a beta of 0.54. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to analysts' expectations of $9.68 billion. During the same period last year, the business earned $1.67 EPS. The business's quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Thursday, September 26th. This is an increase from Philip Morris International's previous quarterly dividend of $1.30. Philip Morris International's payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus reiterated a "buy" rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Bank of America raised their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. The Goldman Sachs Group upped their price target on Philip Morris International from $126.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Barclays lifted their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.

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.