Argentarii LLC Makes New $363,000 Investment in Philip Morris International Inc. (NYSE:PM)

Argentarii LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,018 shares of the company's stock, valued at approximately $363,000.

Several other hedge funds also recently modified their holdings of the business. State Street Corp boosted its position in shares of Philip Morris International by 0.4% in the third quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after acquiring an additional 224,840 shares during the period. Geode Capital Management LLC lifted its position in Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock worth $3,886,818,000 after purchasing an additional 621,034 shares during the period. FMR LLC lifted its position in Philip Morris International by 40.9% in the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares during the period. Bank of New York Mellon Corp lifted its position in Philip Morris International by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Philip Morris International by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,422,920 shares of the company's stock worth $1,615,449,000 after purchasing an additional 190,201 shares during the period. 78.63% of the stock is owned by institutional investors.

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Philip Morris International Price Performance

Shares of NYSE:PM traded down $0.87 during midday trading on Wednesday, reaching $151.23. The company's stock had a trading volume of 5,179,671 shares, compared to its average volume of 5,205,821. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The company has a market capitalization of $235.14 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.65 and a beta of 0.53. The business's fifty day simple moving average is $137.92 and its 200-day simple moving average is $129.73.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.57%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Analyst Ratings Changes

Several research analysts recently commented on PM shares. JPMorgan Chase & Co. raised their target price on 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 raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays increased their price objective 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $144.56.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International 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 completion of the sale, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by corporate insiders.

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.