Bcwm LLC Takes Position in Philip Morris International Inc. (NYSE:PM)

Bcwm LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,803 shares of the company's stock, valued at approximately $5,392,000. Philip Morris International makes up approximately 1.9% of Bcwm LLC's holdings, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Dunhill Financial LLC increased its holdings in shares of 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 buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the 4th quarter valued at $36,000. Finally, Sierra Ocean LLC acquired a new position in Philip Morris International in the fourth quarter worth $37,000. 78.63% of the stock is owned by institutional investors.

Insider Transactions at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by corporate insiders.

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Philip Morris International Price Performance

NYSE PM traded down $0.65 on Tuesday, hitting $158.08. 4,428,983 shares of the stock were exchanged, compared to its average volume of 5,474,562. The company has a market capitalization of $245.79 billion, a PE ratio of 35.05, a P/E/G ratio of 2.65 and a beta of 0.53. The business's fifty day moving average is $146.57 and its 200 day moving average is $132.43. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.87.

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 analysts' consensus estimates 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%. Analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Stifel Nicolaus upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $144.56.

Philip Morris International Company 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.