Philip Morris International Inc. (NYSE:PM) Shares Acquired by Alley Investment Management Company LLC

Alley Investment Management Company LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,009 shares of the company's stock after purchasing an additional 1,908 shares during the period. Philip Morris International accounts for about 2.5% of Alley Investment Management Company LLC's portfolio, making the stock its 13th largest holding. Alley Investment Management Company LLC's holdings in Philip Morris International were worth $19,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC grew its position in Philip Morris International by 203.8% in 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. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the fourth quarter worth $33,000. Sierra Ocean LLC purchased a new stake in Philip Morris International in the fourth quarter valued at $37,000. Finally, Asset Dedication LLC lifted its stake in shares of Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company's stock valued at $50,000 after purchasing an additional 147 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,143 shares of company stock worth $19,092,846. 0.13% of the stock is currently owned by insiders.

Philip Morris International Trading Down 0.5 %

NYSE:PM traded down $0.73 during trading hours on Wednesday, hitting $153.22. The company's stock had a trading volume of 4,186,446 shares, compared to its average volume of 5,165,021. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The stock has a market capitalization of $238.23 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The stock has a fifty day moving average of $134.22 and a 200-day moving average of $128.43.

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, beating analysts' consensus estimates 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%. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.52%. Philip Morris International's payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PM shares. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, UBS Group increased their price objective 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $144.56.

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.