May Hill Capital LLC Purchases Shares of 3,316 Philip Morris International Inc. (NYSE:PM)

May Hill Capital LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,316 shares of the company's stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Edgestream Partners L.P. raised its position in Philip Morris International by 144.5% in the 3rd quarter. Edgestream Partners L.P. now owns 13,172 shares of the company's stock worth $1,599,000 after buying an additional 7,784 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in Philip Morris International by 9.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 4,508 shares of the company's stock valued at $547,000 after buying an additional 381 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Philip Morris International during the third quarter valued at approximately $1,077,000. Kestra Investment Management LLC bought a new position in Philip Morris International in the 3rd quarter worth $231,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Philip Morris International during the 3rd quarter valued at about $1,569,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target for the company. Barclays lifted their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. Finally, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus price target of $144.56.

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Philip Morris International Stock Up 3.9 %

Shares of PM stock traded up $6.04 on Thursday, hitting $162.21. The company had a trading volume of 10,578,322 shares, compared to its average volume of 5,490,968. The firm has a market cap of $252.21 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $163.04. The company has a 50-day moving average price of $147.92 and a 200-day moving average price of $132.82.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's payout ratio is 119.73%.

Insider Buying and Selling

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 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.