Maridea Wealth Management LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Maridea Wealth Management LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,560 shares of the company's stock, valued at approximately $428,000.

Other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Philip Morris International by 4.8% in the third quarter. Rockefeller Capital Management L.P. now owns 208,989 shares of the company's stock valued at $25,342,000 after purchasing an additional 9,500 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Philip Morris International by 4.8% in the third quarter. Fred Alger Management LLC now owns 32,390 shares of the company's stock valued at $3,932,000 after acquiring an additional 1,492 shares during the last quarter. L.M. Kohn & Company increased its position in shares of Philip Morris International by 37.9% in the third quarter. L.M. Kohn & Company now owns 9,832 shares of the company's stock valued at $1,194,000 after acquiring an additional 2,700 shares during the last quarter. Acropolis Investment Management LLC raised its holdings in Philip Morris International by 7.3% during the third quarter. Acropolis Investment Management LLC now owns 1,470 shares of the company's stock worth $178,000 after acquiring an additional 100 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in Philip Morris International by 144.5% during the third quarter. Edgestream Partners L.P. now owns 13,172 shares of the company's stock valued at $1,599,000 after purchasing an additional 7,784 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PM shares. StockNews.com downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. Finally, Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.56.

Philip Morris International Stock Down 0.4 %

Shares of NYSE:PM traded down $0.65 during midday trading on Tuesday, hitting $158.08. The stock had a trading volume of 4,428,983 shares, compared to its average volume of 5,478,539. The company has a market capitalization of $245.79 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The company's 50-day moving average price is $146.57 and its 200-day moving average price is $132.43. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.87.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results 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 net margin of 7.89% and a negative return on equity of 120.08%. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's payout ratio is 119.73%.

Insiders Place Their Bets

In other news, CEO Jacek Olczak sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction dated 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. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. Insiders own 0.13% of the company's stock.

Philip Morris International 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.