Philip Morris International Inc. (NYSE:PM) Stock Holdings Raised by Groupama Asset Managment

Groupama Asset Managment grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 86.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,994 shares of the company's stock after buying an additional 54,188 shares during the period. Groupama Asset Managment's holdings in Philip Morris International were worth $14,203,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. grew its position in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC grew its holdings in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after acquiring an additional 161 shares during the period. Iron Horse Wealth Management LLC boosted its position in Philip Morris International by 684.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company's stock worth $25,000 after purchasing an additional 219 shares in the last quarter. Sachetta LLC grew 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 purchasing an additional 105 shares during the period. Finally, Concord Wealth Partners increased its holdings in shares of 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 in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Werner Barth sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's stock in a transaction that occurred 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 directly owns 959,761 shares of the company's stock, valued at $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Citigroup raised their target price on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Bank of America boosted their price objective on Philip Morris International from $125.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Finally, Barclays lifted their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.50.

Philip Morris International Stock Down 1.9 %

Shares of Philip Morris International stock traded down $2.45 on Monday, hitting $128.11. 1,845,753 shares of the company were exchanged, compared to its average volume of 5,330,333. The company has a 50-day moving average price of $126.72 and a 200 day moving average price of $117.06. The stock has a market capitalization of $199.19 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.53. 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 released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts forecast that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.22%. This is an increase from Philip Morris International's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. Philip Morris International's payout ratio is 85.71%.

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.